According to PANews, South Korea's ruling People's Power Party is considering postponing the collection of cryptocurrency investment income tax for another two years in the upcoming general election. The party said it would prioritize establishing a basic regulatory framework for cryptocurrencies rather than taxing investors, and plans to propose a series of new regulations for the crypto industry in the next term. South Korea's cryptocurrency income tax was originally scheduled to be levied on January 1, 2023, but has now been postponed to January 2025. Another postponement will delay the launch of the tax plan to 2027.