South Korea Considers Delaying Crypto Capital Gains Tax Until 2029

Key Facts

South Korean authorities are considering delaying the implementation of a cryptocurrency capital gains tax until 2029. Investing.com reported that the government is evaluating a proposal to push back the 20% tax, which was previously scheduled for an earlier rollout, following pressure from local exchanges.

The potential multi-year delay is driven by lobbying from cryptocurrency exchanges and the perceived need for a more robust regulatory infrastructure before taxation begins. Such a move is expected to support local market liquidity and retail sentiment in a major global crypto hub as the sector continues to grow.