South Korea tax debate: spot crypto taxed, offshore futures exempt
- —South Korea's crypto tax takes effect in January 2027
- —Offshore perpetual futures income is excluded from the tax base
- —Annual basic deduction is 2.5 million won versus 50 million won floated for stocks
- —Loss carryforward is not permitted under current rules
Why it matters: The gap could push traders toward offshore derivatives venues, draining liquidity from domestic exchanges and encouraging high-risk leverage.
Source: Blockmedia