South Korea
Digital Asset
Rep. Min Byung-deok: "Crypto Taxation Needs a Basic Act First, Plus a Preparation Period"
- Rep. Min Byung-deok (Democratic Party of Korea) says a Digital Asset Basic Act should be enacted before crypto taxation is implemented.
- He called for setting clear deadlines and a sufficient preparation period for what needs to be institutionally ready ahead of taxation.
- Remarks made November 2 at a National Assembly Library forum on the competitiveness of Korea's digital asset market in the AI era; Min says he is the leading voice on this issue within his party, framing it around both tax fairness and market competitiveness.