South Korea Considers Delaying Crypto Taxation to 2029
Current overview (not historical)
South Korea’s finance ministry is set to meet with major cryptocurrency exchanges such as Upbit, Bithumb, and representatives from DAXA to discuss postponing the implementation of a crypto‑tax regime that was originally scheduled for 2027. Exchange officials say that the classification standards for digital assets are still not finalized and that the infrastructure needed to enforce the tax is not yet ready, citing these as the main reasons for the delay. The Democratic Party has already introduced a bill to push the start of the tax to 2029. The proposed postponement reflects ongoing uncertainty over how to regulate and tax cryptocurrency transactions in South Korea, with stakeholders arguing that the current framework may be too premature given the evolving market and regulatory environment.
Written with AI from the reporting · updated 10/19/2026
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- 1Unclassified fact stationOct 21, 00:00recorded Oct 19, 13:24single sourcerevised
韩国高官将与加密货币交易所会晤讨论税延
Read original source ↗ CointelegraphReplay this moment in the explorerEvidence & revisions · 1 source records
- Subject：
- Digital Asset Exchange Alliance
- Action：
- 举行咨询会
- Object：
- 加密货币交易所
- Occurred (fact side)：
- Oct 21, 00:00
- Published (valid side)：
- Oct 19, 13:14
- First seen (known side)：
- Oct 19, 13:24
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- CointelegraphRelated fact: single sourceSource report revisedSouth Korea to delay crypto tax amid industry calls for more time
Report first recorded Oct 19, 13:24
South Korea's finance ministry plans to meet crypto exchanges including Upbit and Bithumb on Tuesday to discuss postponing the planned cryptocurrency tax, originally set for January 2027. Industry officials cite unresolved transaction rules and insufficient time to prepare infrastructure as key reasons for the delay. Democratic Party lawmaker Park Min-gyu has introduced a bill to push the tax start date to January 1, 2029, aligning with the OECD Crypto-Asset Reporting Framework data-sharing timeline.
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