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Next Major Cryptocurrency Legislation Proposal in South Korea by Which Party?
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Resolution / Starting Odds
Government Party • 25%
Democratic Party • 25%
Minor Opposition Party • 25%
Other • 25%
Official legislative records or announcements from South Korean political parties
Story
South Korea Delays 20% Cryptocurrency Tax to 2027 with Bipartisan Support
Dec 1, 2024, 08:40 AM
South Korea has agreed to delay the implementation of a 20% tax on cryptocurrency gains until 2027, marking the third postponement of the tax initially scheduled for 2021. This decision has garnered bipartisan support from both the government and the opposition Democratic Party, despite initial criticism from the latter as a 'political trick'. The delay was influenced by industry pushback and concerns over investor interests, providing cryptocurrency investors in South Korea with an additional two years before the tax comes into effect.
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Delayed to 2028 • 25%
Implemented in 2025 • 25%
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Democratic Party of Korea • 25%
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Stricter regulations • 25%
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Democratic Party of Korea • 25%
People Power Party • 25%
Justice Party • 25%
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Delayed to 2028 • 25%
Implemented in 2025 • 25%
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Republican Party • 25%
Independent • 25%
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Republican Party • 25%
Democratic Party • 25%
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Neither • 25%