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Korean Finance Minister Fights Bill to Postpone Crypto Tax Law By CoinQuora


Korean Finance Minister Fights Bill to Postpone Crypto Tax Law
  • South Korea’s Minister of Strategy and Finance, fights the bill postponing crypto tax.
  • On January 1, 2022, the 20% crypto tax code is set to take effect.
  • A bill to postpone the crypto tax law will be passed by the Democratic Party before the end of October.

The Democratic Party, in South Korea’s National Assembly, intends to pass a bill postponing the crypto tax law by the end of October. Kim Byung-Ook (a National Assembly representative from the Democratic Party) asked the Minister in a National Assembly to postpone the implementation of the crypto tax until 2023.

The ruling party may also pass the postponement legislation if it can collect the votes notes. This statement is by Representative Noh Woongrae of the Democratic Party. The government does not have the infrastructure necessary to collect and calculate crypto taxes.

Isn’t it reasonable to levy the stock market capital gains…

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