South Korea's National Assembly Cancels Meeting on Crypto Tax Discussion

According to PANews, South Korea's National Assembly's Strategy and Finance Committee has decided to cancel the plenary meeting initially scheduled for November 26. This decision is significant as the committee was set to discuss the agenda on cryptocurrency taxation. The tax subcommittee had already postponed discussions on the crypto tax on November 25 due to a chaotic situation. A committee official explained that the cancellation of the plenary meeting was due to disagreements between political parties. The main opposition party, the Democratic Party of Korea (DPK), supports the implementation of the planned crypto tax, while the ruling People Power Party is advocating for a two-year delay. The official also mentioned that other unresolved issues, such as inheritance tax, contributed to the decision to cancel the meeting.