South Korea Proposes Fourth Delay of Crypto Tax to 2029

South Korea's government has proposed postponing its 22% cryptocurrency gains tax by another two years to 2029, marking the fourth delay. Finance Minister Lee Hyoung-il announced the plan, citing the need to align with U.S. information exchange under the Crypto-Asset Reporting Framework starting in 2029. The tax applies to annual crypto gains above 2.5 million won ($1,860), and the government also plans a three-year loss carryforward provision. Amendments are expected during the 2027 parliamentary session, with detailed guidelines in the first half of 2028.