Independent lawmaker Han Dong-hoon posted an article titled 'Virtual asset tax deferral, must be done immediately' on his Facebook page around 9:45 AM on the 29th. He said, "The Democratic Party government still seems unaware of the seriousness of virtual asset taxation. With only three months left until 2027, a deferral decision must be made quickly." He continued, "Binance and Bybit, widely used by our citizens, are located in the UAE, Gate in the Cayman Islands, and Bitget in Seychelles. Under the Common Reporting Standard (CARF), the first information exchange with the UAE or Seychelles will not be possible until 2028. There is a high possibility that our national investors will escape from the domestic market during the remaining three months and move to decentralized spaces beyond the reach of tax authorities. If taxation is deferred for at least two years, transaction information generated on overseas exchanges can be collected through CARF. Furthermore, there will be enough time to resolve the second phase of virtual asset legislation. If detailed virtual asset tax contents are disclosed like dropping a bomb at the end of the year, public outrage will erupt, similar to what happened with the housing tax reform plan," he pointed out.
