South Korea's political parties reach a consensus to postpone the taxation of virtual assets for two years; the final vote is postponed
2026-11-11 18:05:08
According to CoinMeta, Woo Ki-joong from the ruling Democratic Party of Korea and Pei Jun-ying from the opposition National Power Party stated that there was a consensus between the ruling and opposition parties to extend the tax exemption period for virtual assets by two years. Due to the government's opposition to increasing the basic deduction amount for virtual asset taxation and disagreements among lawmakers regarding regulations such as the obligation for exchanges to submit transaction data, the amendment to the income tax law was not put to a vote. The final vote will take place on the last day of the Taxation Subcommittee. (Source: Yonhap News Agency)
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