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Blue House Reviews Further Delay of Crypto Tax, Says No Decision Has Been Made

Blue House Reviews Further Delay of Crypto Tax, Says No Decision Has Been Made

  • The Blue House said it is reviewing a further delay to the implementation of taxation on virtual assets (cryptocurrencies), but nothing has been decided yet.
  • The Blue House is reviewing several options, including another postponement of the tax start date, and there is speculation that it is leaning toward an additional delay.
  • The current virtual-asset tax system applies a 22% tax rate to gains above an annual deduction of about $1,810.

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Photo: Shutterstock
Photo: Shutterstock

South Korea’s Blue House said it is reviewing whether to further delay the introduction of taxes on virtual assets, but no decision has been made.

Yonhap News TV reported on October 25 that the presidential…

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