South Korea’s Ministry of Economy and Finance has confirmed that a long-delayed tax on cryptocurrency gains will take effect on January 1, 2027, giving the country’s 13 million crypto investors their clearest deadline yet for compliance.

Moon Kyung-ho, director of the ministry’s income tax division, made the announcement at an emergency parliamentary forum on virtual asset taxation held at the National Assembly Members’ Office Building in Seoul on Thursday, Edaily reported. The forum was co-hosted by Representative Park Soo-young of the People Power Party and the Korea Tax Policy Association.

Moon told attendees: “We will proceed with virtual asset taxation as scheduled in January next year” — the first direct public…