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South Korean Ruling Party Squabbles over Crypto Tax
17.9.2021
tax code, which will see a flat rate of 20% tax levied on crypto tax profits of over USD 2,100 a year. If unamended, this change will come into force on January 1, 2022.But the ruling Democratic Party is wary of a backlash from angry voters aged 20-39 – the backbone of the party’s support –
South Korea’s Ruling Party Hints at Increased Crypto Leniency
4.8.2021
The ruling South Korean Democratic Party’s crypto task force is discussing a plan to “institutionalize corporate transactions” on crypto exchange platforms with the nation’s nine leading exchanges – a further sign, perhaps of an impending regulatory climbdown.
More details of a key meeting held...
Signs of a Crypto Regulatory Climbdown from South Korea’s Ruling Party
28.7.2021
South Korean ruling party’s crypto task force has met with a number of major domestic crypto exchanges – an indication that it could advise the government to revise or even soften its hardline policy on regulation.
As reported, the next South Korean presidential election is scheduled to take place...
Japanese Ruling Party Official Says Digital Yen Clarity Will Be Revealed in 2022
6.7.2021
While the U.S. ramps up discussions of a digital dollar and China’s central bank digital currency (CBDC) draws near, Japan’s CBDC, otherwise known as the digital yen, is getting closer to its realization as well. Japan’s ruling Liberal Democratic Party member, Hideki Murai...
Hope in S Korea as Ruling Party Says ‘Let’s Institutionalize Crypto’
6.7.2021
Korean lion dog statue and the National Assembly building, Seoul. There may be fresh hope for the South Korean crypto sector as the ruling Democratic Party launched a crypto task force – with the new body talking in relatively upbeat terms about the industry and the need to “institutionalize”...
South Korean Ruling Party Contemplates Postponing Crypto Tax in a Bid to Regain Younger Votes
4.5.2021
South Korean political parties are now battling to catch younger votes amid the tough stance among higher government spheres toward digital currencies. As voters are disappointed by how parties are handling the issue, one of them has taken a step forward by talking about the forthcoming crypto tax....
South Korea’s Ruling Party, Regulators at Odds over Crypto Policy
29.4.2021
Source: Adobe/david_franklin
South Korea’s finance minister and Deputy Prime Minister has risked invoking young voters’ further ire with a crypto-related tirade – although it appears not everyone pulling the strings in the government is ready to sing from the same hymn sheet on this increasingly...
Japanese Ruling Party Urges Gov’t to Speed up Digital Yuan Issuance
29.9.2020
Japan’s ruling Liberal Democratic Party will call upon the government to release a digital currency “as soon as possible” – or risk falling behind other nations, including China.
Per Jiji, via the Japan Times, the party, which recently elected Yoshihide Suga to become its leader and the country’s...