South Korea Faces Tax Loophole on Overseas Crypto Derivatives Ahead of 2026 Levy
- —Crypto income in Korea will be taxed at 22% after a 2.5 million won deduction from 2026
- —Overseas futures and options profits fall outside both crypto and derivatives tax bases
- —Overseas crypto account declarations rose from 1,043 to 2,320, holdings from 10.4 to 11.07 trillion won
- —The finance ministry and FSC have exchanged no official documents on the issue since 2022
Why it matters: The tax gap between spot and derivatives markets could push Korean investors toward riskier overseas platforms.
Source: Bloomingbit