South Korea will postpone the planned 22% tax on cryptocurrency gains until 2029. This is the fourth delay since the tax framework was introduced in 2020, when implementation was initially scheduled for 2027. The postponement will need to be formally approved by the National Assembly. The timeline reflects ongoing challenges with the country’s crypto-tax reporting and transaction-information systems while easing the immediate tax burden on investors. Market participants will closely monitor the amendment’s adoption and progress on the country’s crypto-tax infrastructure.
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