In a Dec. 1 press conference, the Korea Democratic Party (KDP) floor leader, Park Chan-dae, announced that the KDP agreed to a two-year moratorium on the implementation of digital asset capital gains tax proposed by the government and the People’s Power Party (PPP), the country’s ruling party.
The law taxing crypto gains in the country is scheduled to take effect in January. However, the new development will push the implementation of the tax by 2027.
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