South Korea parliament weighs scrapping crypto tax as government warns of policy U-turn
- —The petition to scrap the tax drew 50,910 signatures and was referred to parliament in May
- —The crypto tax has been delayed three times, originally slated for 2022
- —Annual basic deduction is 2.5 million won; losses cannot be carried forward
- —South Korea's crypto market cap fell 21.1% year-on-year to 87.2 trillion won in H2 2025
Why it matters: The outcome will set the tax burden for Korean crypto investors and could again delay collection.
Source: Bloomingbit
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