South Korean Deputy Prime Minister: Plans to respond to new proposals on crypto assets and take measures after the new U.S. government takes office
ChainCatcher news, according to Cryptonews, South Korean Deputy Prime Minister Choi Sang-mok claimed that the government does not hold a negative attitude towards cryptocurrency-related matters.Choi Sang-mok stated: "Since the specific details of the strategic cryptocurrency asset proposal by the incoming President Trump have not yet been announced, now is not the time for evaluation. We plan to prepare responses and other measures after the new U.S. government takes office. We will take action after these and other new proposals related to cryptocurrency assets are specified. The government does not hold a negative attitude towards cryptocurrency assets. As regulations and related systems are still in their infancy, we have decided to postpone the introduction of cryptocurrency taxes. We believe that monitoring the progress of regulations should come before introducing taxation."Choi Sang-mok further claimed that the South Korean central bank, financial regulatory agencies, and "other relevant departments" are currently "formulating new regulatory policies" for the cryptocurrency sector. These concerns "not only focus on customer protection" but also on the "legal nature" of cryptocurrency.