🚀 South Korea's Democratic Party has taken a detour on its crypto tax roadmap, delaying the digital asset gains tax until 2027. Initially set for 2021, this tax has been on a rollercoaster of postponements, with the latest twist adding two more years to the wait.
- The ruling People’s Power Party (PPP) wanted a three-year delay, while the KDP initially pushed for 2025.
- The KDP once called the delay a "political trick," but now seems to have joined the ride.
- Investors can breathe easy for now, but a 20% tax looms on the horizon.
Crypto investors, enjoy the tax-free ride while it lasts! 🎢