Ruling party proposes gov't delay planned taxation of cryptocurrency

Korea Times News ·
Economy Cryptocurrency South Korea

The ruling Democratic Party of Korea (DPK) on Wednesday formally proposed that the government postpone the implementation of taxation on cryptocurrencies, set to take effect next year. The party's supreme council decided to make such a proposal in a meeting, considering the need to give businesses and investors time to adjust to the new taxation scheme, according to DPK leader Kim Min-seok. "We…

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