South Korea's Democratic Party (KDP) is pushing for a 20% tax on profits from digital assets, scheduled to take effect in January 2025. The party aims to raise the taxable capital gains threshold from $1,800 to $36,000, targeting larger investors. This move contrasts with the People's Power Party (PPP), which suggests delaying the crypto tax until 2028. The KDP accuses the PPP of using the delay for political gain in upcoming elections. By increasing the threshold to $36,000, the KDP hopes to ease the tax burden on small traders and align crypto taxation with stock market practices. The fate of South Korea's crypto tax policy remains uncertain, pending negotiations between the KDP and PPP. The ongoing debate highlights the challenge of striking a balance between regulation and industry interests in the crypto sector. Read more AI-generated news on: https://app.chaingpt.org/news