People Power Party to meet crypto exchange heads on abolishing virtual asset tax

South Korea's People Power Party, which is pushing to abolish the virtual asset tax scheduled for implementation next January, will hold a meeting with the heads of the country's major cryptocurrency exchanges on March 25, News1 reported. The event will take place at the headquarters of South Korean exchange Coinone in Seoul. Attendees from the party will include Floor Leader Song Eon-seok, Policy Committee Chairman Jeong Jeom-sik, Senior Deputy Floor Leader for Operations Yoo Sang-beom, and Senior Deputy Floor Leader for Policy Kim Eun-hye. The CEOs of the five major won-denominated exchanges—Upbit, Bithumb, Coinone, Korbit, and Gopax—are expected to attend.