South Korea Postpones Crypto Tax to 2029 in Fourth Deferral
Seoul has postponed its crypto gains tax for a fourth time, moving the date to 2029. Hong Kong, meanwhile, passed its own tax reporting law.
Sen. Bill Hagerty opposes CBDCs, supports Bitcoin reserve, and criticizes past SEC crypto enforcement.
According to Senator Bill Hagerty, some members of Congress see a central bank digital currency as the sole solution, but he calls that “absolutely not consistent with freedom and liberty.” In a conversation recorded at the studio, Hagerty detailed how regulatory ambiguity allowed former Securities and Exchange Commission Chair Gary Gensler to go after the sector, argued that minimal government intervention fosters innovation, and outlined what legislation Congress can realistically pass before January's new session.
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Seoul has postponed its crypto gains tax for a fourth time, moving the date to 2029. Hong Kong, meanwhile, passed its own tax reporting law.
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