South Korea ruling party proposes crypto income tax deferral
CIE News ·
Based on reporting by The Block; not yet independently confirmed.
South Korea's ruling party has formally proposed deferring the planned crypto income tax until the Digital Asset Basic Act is enacted, according to The Block.
South Korea's ruling party has formally proposed a deferral of the country's crypto income tax, according to The Block. The party leader stated that the nation should prioritize enacting the Digital Asset Basic Act before putting the tax into effect. The proposed legislation is intended to establish a comprehensive legal framework for the cryptocurrency industry.
Key facts
- Tax deferral proposed
- Digital Asset Basic Act required
- South Korea ruling party
Read the original at The Block