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October 15, 2026 3:35 am
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A ruling Democratic Party lawmaker has introduced a bill to delay the taxation of virtual asset income until effectively 2029, Yonhap News Agency reported.
According to the crypto industry on Oct. 15, Democratic Party lawmaker Park Min-gyu proposed an amendment to the Income Tax Act that would move the start date for taxing virtual asset income from next year to Jan. 1 of the second year after the first international exchange of virtual asset transaction information among countries.