1South Korea plans to delay its 22% cryptocurrency gains tax by another two years to 2029.
2This marks the fourth delay since the tax was originally legislated in 2020.
3The postponement is largely due to waiting for international data sharing agreements like the CARF framework with the United States in 2029.
4The proposed rules include a new three-year loss carryforward for investors.
5The National Assembly still needs to approve the amendment before the tax takes effect.
Key takeaway
South Korea is pushing back its planned crypto tax until 2029 to align with international reporting standards, giving local traders more time without capital gains levies.
Short-term impact (days–weeks)
▲ BULLISH
Traders in South Korea receive an extended tax-free window for the immediate future.
Medium-term impact (1–3 months)
● NEUTRAL
The market has more time to adapt while awaiting the eventual 2029 implementation and clearer rules.
Key risks
The National Assembly could still reject or alter the proposed delay.
International data sharing agreements might face delays.
Regulatory uncertainty regarding the Digital Asset Act remains.
This page summarizes and analyzes publicly reported news. Read the full story at the original source. AI-generated analysis — not financial advice.