South Korea’s ruling party formally proposes deferral of crypto income tax

Crypto Insight Summary: The party leader stated that the country should first enact the Digital Asset Basic Act, a comprehensive legal framework for crypto. Crypto Insight Analysis: Direction: Bullish Crypto Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Tax deferral and a clearer legal framework may ease Korean adoption, but the proposal has limited broad market impact.