South Korea Faces Fourth Postponement of Crypto Tax Implementation
South Korea's cryptocurrency taxation plan is teetering on the brink of a fourth delay, casting further uncertainty over the regulatory landscape for digital assets. Initially legislated in 2020, the policy has already been deferred three times—from 2022 to 2023, then to 2025, and now potentially to 2027. The government cites unprepared infrastructure and ambiguous guidelines for staking, mining, and cross-border transactions as key roadblocks.
Kim Kab-lae of the Capital Market Institute notes the unprecedented nature of these repeated postponements. Market participants await clarity on how the republic will track offshore exchange activity, a technical hurdle that remains unresolved. The delay reflects broader challenges in creating enforceable frameworks for decentralized finance.
