According to CoinMeta, South Korean opposition party members Song Eon - seok advocate for the abolition of the cryptocurrency income tax plan rather than a two-year postponement of its implementation. They argue that taxing earnings from crypto assets while exempting domestic stock earnings, coupled with the difficulty in identifying data on overseas transactions and the original prices of crypto holdings, will create confusion and impose a burden on investors. South Korea was originally scheduled to levy a 22% tax on earnings from crypto assets starting January 1, 2027. The government and the ruling party announced earlier this month that they planned to postpone this tax until 2029, which would mark the fourth time South Korea has postponed its crypto taxation plan.