South Korea's ruling People Power Party is pushing for a two-year postponement on cryptocurrency taxation, aligning with their campaign pledges for the upcoming elections. The party emphasizes the need for a robust regulatory framework before implementing taxation, citing risks and the absence of a regulatory structure akin to stock exchanges. The proposed extension aims to allow time for necessary amendments and the establishment of comprehensive regulations. But then, discussions within South Korea's legislative body hint at potential reforms to harmonize crypto taxation thresholds with stocks, aiming for a more equitable tax framework. Additionally, recent policies mandate high-ranking officials to disclose cryptocurrency holdings to uphold ethical standards. The party's stance contrasts with the government's broader initiative to eliminate taxes on various financial investments, including stocks and funds, signaling ongoing debates surrounding crypto taxation reform in South Korea.