South Korea may delay crypto tax to 2029 again
In short
South Korea lawmakers are said to be thinking about delaying crypto tax rules again, this time to 2029. The tax policy was first set in 2020.
Officials in Seoul reportedly worry about getting data from US officials. It is not clear from the reporting whether the delay will be approved.
What the reporting says
South Korea lawmakers are reportedly considering another delay to the 2020 income tax policy on digital assets, with implementation potentially pushed to 2029. The Seoul government is said to be concerned about receiving data from US officials, which is cited as part of the delay discussion. The reporting does not confirm a final decision or specify what data is missing.
Why it matters
South Korea lawmakers are reportedly weighing another delay to a 2020 income tax policy on digital assets, potentially pushing implementation to 2029. The reported reason is concern about receiving data from US officials. This affects crypto traders and tax policy expectations in South Korea, but the available reporting does not confirm approval or explain whether the delay applies to all digital assets without exception.