South Korea's Ruling Party Plans To Delay New Crypto Taxation Law – Fintechs.fi

Our observations

Authorities all over the world are scrambling to get up to speed on crypto education. Policies put in place or announced before fully understanding the issues and repercussions of such policies are bound to lead to delays in implementation or abandoning the policy altogether later if already implemented. 

The technology underpinning  cryptocurrency is fast evolving and along with it the business processes and practices are also fast evolving. Given such dynamics it would be difficult  and unwise for authorities to make decisions based on past data or dynamically changing data. 

Check out the original article here. 

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