The S Korean National Assembly is planning to filibuster the implementation of new income revenue enhancement laws on cryptocurrency gains post-obit appeals from industry bodies.

According to a Nov. 25 report on Korean-language news site DongA, the 20% tax, originally due to be imposed from October 2021, will at present not come up into forcefulness until Jan. 1, 2022.

The delay is intended to give digital currency exchanges time to implement the changes required to incorporate the new taxation infrastructure.

Every bit Cointelegraph reported, the new tax structure for cryptocurrencies was announced in July this year and amounts to a xx% tax on any gains over a threshold level of 2.five million won ($2,260) per year.

The rules were originally planned to come into strength on October. 1, 2021, which led to complaints from the Korean Blockchain Association.

The KBA claimed that the short window between the existing revenue enhancement regulations ceasing to apply on Sept. 30, 2021 and the new regime coming into force the very next mean solar day would be difficult for exchanges to comply with, initially requesting a delay until Jan. 1, 2023.

The government seems to accept acquiesced to some caste, although it only agreed to an extension of three months rather than the 15 months requested.

Prior to the introduction of the new legislation, digital assets have been treated equally currencies and and so have not attracted revenue enhancement.