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Independent lawmaker Han Dong-hoon called for a delay to virtual asset taxation and a second phase of legislation, arguing that taxing only virtual assets after the abolition of the financial investment income tax on gains from stocks and bonds would seriously undermine fairness, according to Kukinews.
In a Facebook post, Han said the current tax plan could unfairly burden investors because it lacks measures to offset losses and remains exposed to tax avoidance through gifts. Han added that the next step should be to use second-phase virtual asset legislation to clearly define coin categories and the nature of related income, while first putting in place an environment that can properly protect investors.