South Korea
Digital Asset
DAXA Vice Chairman Kim Jae-jin: "Crypto Taxation Could Disadvantage Only Domestic Users"
- Kim Jae-jin, Standing Vice Chairman of DAXA (Digital Asset eXchange Alliance), raised the concerns at a forum titled "Urgent Review of the Competitiveness of Korea's Digital Asset Market in the AI Era," held at the National Assembly Library on November 2.
- Korea's virtual asset taxation scheme, originally designed in 2020, has seen its effective date delayed three times, yet its core content remains unchanged despite major shifts in the crypto market.
- Kim warned that the current tax structure could create an imbalance, placing a heavier burden on domestic exchange users compared to those using overseas exchanges.