South Korea’s presidential office has backed another postponement of the country’s planned 22% cryptocurrency gains tax, with lawmakers considering moving its January 2027 start date to 2029.
Summary
- South Korea’s presidential office has backed another delay to its planned 22% cryptocurrency gains tax.
- The tax remains scheduled for January 2027, but ruling-party lawmakers have proposed moving it to 2029.
- Officials cited incomplete preparations, concerns among younger investors and gaps in overseas transaction reporting.
- Both major political parties support postponement, although they have proposed different approaches.
- Lawmakers could consider amendments in…
