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South Korean Parliament Tries to Push Through Crypto Tax Delay, Gov’t Fights Back
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The South Korean government is on a collision course with lawmakers on both sides of the National Assembly on the issue of crypto tax.
The matter has become a political hot potato – or perhaps more accurately, a political hot mess – in recent months.
The ruling Democratic Party has already U-turned on its hardline stance ahead of next year’s general elections. Its nominee for the presidency, Lee Jae-myung, has called for a delay of at least a year and has spoken in glowing terms about crypto in recent weeks, even hinting that he would seek to issue and distribute a government-created token if he were elected.
His main opposition rival has also voiced his support for a delay to the tax, which is due to launch on January 1, 2021. If unamended,
Read more on cryptonews.comAbout this in other media
South Koreans Can Trade Crypto Tax-Free Until at Least 2023 as Delay 'Virtualy Confirmed' cryptonews.com /3 years ago
South Korean lawmakers inch closer to deal to delay crypto tax by one year cointelegraph.com /3 years ago
South Korean legislators agree to delay taxation of cryptocurrency capital gains ambcrypto.com /3 years ago
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