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The Defiant

South Korea’s Ruling Party Formally Seeks Crypto Tax Delay

By The Defiant Team

Kim Min-seok wants a digital-asset framework enacted before taxation. A two-year postponement is under discussion, but the legal start date remains Jan. 1, 2027.

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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