The Party is against the idea of enforcing taxation on gains made from cryptocurrency investments. A recent report stated that they have even passed a bill that could suspend the legislation slated to go into effect at the start of 2022.
Non Woong-Rae, a 64-year-old member of the ruling Democratic Party, said that the Asian country does not have a structured plan to implement a taxing system. Hence, delaying the initiative is inevitable.
He confirmed that the Democratic Party will try to settle the issue by taking it to the National Assembly.
Continue reading on BTC Peers
Source: Cryptocurrency - investing.com
