On March 23, according to News1, South Korea's ruling party, the People Power Party, will hold a closed-door meeting at the Coinone headquarters with representatives from the five major cryptocurrency exchanges: Upbit, Bithumb, Coinone, Korbit, and Gopax, as well as DAXA. The meeting aims to discuss proposals for abolishing the virtual asset taxation system originally scheduled to be implemented in January 2027, and to gather suggestions regarding the issuance of stablecoins and the preparation of second-phase legislation. Previously, the party's whip, Song Yeon-sik, proposed on March 19 an amendment to the Income Tax Act to abolish the virtual asset income tax, arguing that in light of the abolition of the financial investment income tax, continuing to tax virtual assets raises issues of fairness and double taxation, and that consistency in the taxation system should be maintained.