South Korean ruling party considers crypto tax delay to regain younger votes

South Korean political parties are now fighting for younger votes amidst the harsh stance of top government spheres on digital currencies. Voters took a step forward by talking about the next crypto tax, while disappointed with the way the parties dealt with the issue. Democratic Expectations for Cryptocurrencies According to Dailian, members of the Democratic Party of South Korea suggested that the delay of the crypto tax policy that came into effect in 2022 should not be completely ignored. The party, the ruling party of the country, believes the crypto tax is “ early ''. Also, Koh Yong Jin, the ruling party secretary of the National Assembly Strategy and Finance Committee, said he was considering delaying the timing of the new financial rules for cryptocurrencies. “I'll see if procrastination is appropriate,” he said. On the other hand, Jang Kyung-tae, chairman of the Democratic Party's National Youth Committee, said, "What's important is that virtual currencies will be recognized as a wealth creation ladder for youth by 2030. At the end of April, South Korea's Treasury Minister and Deputy Prime Minister once again angered local traders, insisting that cryptocurrencies are not "monetary or financial assets." In South Korea, young voters tended to prefer the Democratic Party to the current political opposition force, the People's Power Party. Power Party lawmakers also accused Democrats of betraying young people with such crypto policies. The next presidential election will be held in 2022. South Koreans between the ages of 20 and 39 are actively seeking to withdraw the FSC. that cryptocurrencies have no "real value". In fact, as Bitcoin.com News recently reported, such statements have caused an audience

Join the Discussion

Back to top