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10 May 2021

South Korean Ruling Party Contemplates Postponing Crypto Tax in a Bid to Regain Younger Votes – Regulation Bitcoin News

South Korean Ruling Party Contemplates Postponing Crypto Tax in a Bid to Regain Younger Votes – Regulation Bitcoin News


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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.

On the other hand, Jang Kyung-tae, the head of the National Youth Committee of the Democratic Party, pointed out that “the important thing is that virtual currency is recognized as a ladder of asset formation by young people in 2030.”.

In South Korea, younger voters have been typically in favor of the Democratic party, instead of the People’s Power Party, which is the current political’s opposition force.

What are your thoughts on the political maneuvers being made by the South Korean Democratic party.

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