South Korea Signals Another Delay to Crypto Tax, Pushes Digital Asset Basic Act First
- —The crypto income tax due in January is heading for a fourth delay
- —Party and government say the Digital Asset Basic Act must come first
- —Tax information exchange with the US is only possible from 2029
- —Current rules imply a 22% rate on gains above 2.5 million won
Why it matters: The delay eases near-term uncertainty for Korean traders but postpones market institutionalization and crypto derivatives rollout.
Source: Bloomingbit