Crypto Bull Run Continues as South Korea Pushes Back Taxation

• South Korea’s Democratic Party agrees to delay crypto taxation for an additional two years.
• Arthur Hayes, co-founder of BitMEX, believes the move supports the ongoing crypto bull market.
• South Korea joins other countries, like Russia, in easing crypto taxation policies.

The crypto community is buzzing with excitement as Park Chan-dae, the floor leader of South Korea’s Democratic Party (DP), confirmed that his party has agreed to delay the taxation on cryptocurrencies for an additional two years.

The decision follows extensive discussions, with Park stating that further reforms to the current system are necessary before implementing any tax measures on the industry.

South Korea Delaying Crypto Tax

He explained that more time is needed to fine-tune the regulatory framework before imposing taxes on digital assets. “At this point, it is clear that further regulatory adjustments are necessary,” Park remarked. This move comes amid ongoing negotiations surrounding the …