A South Korean opposition lawmaker is taking a hard line, calling for the outright repeal of the 22% tax on cryptocurrency income. No more delaying it slice by slice. Compared with stocks, this would only make things harder for retail investors, who have no way to manage risk.

Finally, someone with a clear head. Instead of dragging things out with these delays—like slowly boiling a frog—why not just overturn the table and scrap the tax? If this really goes through, selling pressure from South Korean retail investors could be cut in half, and the market might just go wild.

$BTC #CryptoTax