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Crypto Fans Build Up Their Power as S Korean Politicians Delay Crypto Tax
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South Korean MPs have finally overturned the government on its proposed crypto tax plans, ending a long saga that pitted lawmakers against the large crypto-skeptic administration of President Moon Jae-in.
The National Assembly revealed on December 3 that it had approved a delay to the controversial tax in a vote held in the evening of December 2. MPs had taken the matter into their own hands, defying the government by backing a private member’s bill calling for an amendment to the tax law.
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