A man walks past a screen showing exchange rates of cryptocurrencies at an exchange in Seoul. - AFP
SEOUL (The Korea Herald/Asia News Network): South Korea has moved to push back the planned taxation of virtual assets despite strong opposition from the financial authorities, raising questions about whether the country is properly handling the nascent category of digital investment.
The National Assembly's Strategy and Finance Committee on Tuesday (Nov 30) passed a revision bill that would delay taxation of capital gains from the trading of cryptocurrencies by one year to 2023.
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