South Korean political parties are now battling to catch younger votes amid the tough stance among higher government spheres toward digital currencies. As voters are disappointed by how parties are handling the issue, one of them has taken a step forward by talking about the forthcoming crypto tax.

The Democratic Party’s Expectations on Cryptocurrencies

According to Dailian, South Korea’s Democratic Party members suggested that delaying the crypto taxation policy set to go live in 2022 should not be entirely discarded. The party, which is the ruling one in the country, believes a crypto tax is “premature.”

Moreover, Koh Yong Jin, the Secretary of the ruling party of the National Assembly’s Strategy and Finance Committee, stated they’re contemplating ways to postpone the timing of the new financial rules on cryptocurrencies. “I’ll hear if it’s right to delay,” he said.

On the other hand, Jang Kyung-tae, the head of the…

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Source: https://news.bitcoin.com/south-korean-ruling-party-contemplates-postponing-crypto-tax-in-a-bid-to-regain-younger-votes/