The ruling party in South Korea joins the call to postpone cryptocurrency taxation On September 29th, according to the Korea Times, the ruling Democratic Party (DPK) of South Korea has joined opposition lawmakers and industry groups in calling for a postponement of the cryptocurrency tax originally scheduled to take effect on January 1, 2027. Min Byung duk, a senior member of the party's policy committee, said that taxation should be imposed after the Basic Law on Digital Assets is passed, and it is not appropriate to levy it before the basic law is established. Finance Minister Lee Hyoung il advocates for timely implementation, stating that 85% of investors hold less than 5 million Korean won (approximately $3670) and most of them are below the tax threshold under the basic deduction of 2.5 million Korean won. This tax system considers the transfer or borrowing of digital assets as other income, with a tax rate of 20%, and losses cannot be carried forward. The exchange alliance DAXA also called for a delay; A survey shows that 73.7% of South Korean investors are against it.