South Korea to meet crypto exchanges amid calls for tax delay

Finance officials are reportedly set to meet major crypto exchanges on Tuesday, days after a lawmaker introduced legislation that could push the tax’s start date back two years.

South Korea’s senior finance officials are reportedly set to meet crypto exchanges on Tuesday as calls to postpone a planned cryptocurrency tax are heating up ahead of its scheduled implementation in January.

According to Yonhap, the government is planning to hold a consultation on crypto taxation, with representatives coming from Upbit, Bithumb, Coinone, DigitalX and Gopax, along with executives of the Digital Asset Exchange Alliance, known as DAXA.

Government officials attending include Kwon Dae-young, first vice minister of finance and economy, and Yoo Young-jun, director general for digital financial policy at the Financial Services Commission.

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