[South Korean Opposition Lawmaker Calls for Abolition of Cryptocurrency Tax Plan] According to The Block, South Korean opposition lawmaker Song Eon-seok argues that South Korea should abolish its cryptocurrency tax plan instead of postponing it for two years. Song stated that taxing cryptocurrency gains while exempting domestic stock gains, coupled with the difficulty in identifying overseas transaction data and the original price of cryptocurrency holdings, will create confusion and burden investors. South Korea originally planned to levy a 22% tax on cryptocurrency gains starting January 1, 2027. However, the government and ruling party announced earlier this month that they plan to postpone the tax until 2029. This would be the fourth time South Korea has postponed its cryptocurrency tax plan.