The ruling party in South Korea has begun pushing for a two-year delay in the implementation of the cryptocurrency capital gains tax as part of its election promise for the upcoming April elections. Local media, "Pioneer Business Daily," reported that the party believes that taxation of cryptocurrencies is only possible after establishing this basic framework. A representative of the party also emphasized that the tax base has not yet been determined. The official explained that, unlike stock exchanges, no entity is authorized to supervise cryptocurrency transactions. The party believes that it will take two years to establish such a system. The ruling party official also said that taxes should protect the country's property and life, and pointed out that some aspects of the government have "ignored" the cryptocurrency market so far. It is reported that the implementation of this tax has been delayed several times. The initial plan was to implement the tax in 2022. However, lawmakers reached an agreement to delay the implementation of the tax until 2023, citing flaws in the information collection process carried out by the National Tax Service (NTS). In July 2022, government officials announced another two-year delay in the implementation of a 20% cryptocurrency capital gains tax. This time, lawmakers mentioned the stagnant market conditions in the cryptocurrency field and the need for time to prepare investor protection measures.