A representation of virtual cryptocurrency bitcoin / Korea Times photo by Shim Hyun-chul

Korea’s cryptocurrency regulatory framework is reaching a crossroads, with rules tightening on one front while efforts are underway to delay taxation on investment gains.

Financial authorities plan to expand the “travel rule” for crypto transactions to cover all transfers, requiring exchanges to collect and provide transaction information, while also tightening registration and screening requirements for virtual asset service providers.

Meanwhile, a bill has been proposed to postpone the planned taxation of crypto investment gains by three years, reigniting debate over when such taxes should take effect.

According to the Financial Services…