CryptoMedium•4 November 2026•
1 min read
South Korea Ruling Party Proposes Crypto Income Tax Deferral
Key Facts
1South Korea's ruling party has formally proposed a deferral of the implementation of crypto income tax.
2The party leader stated that the country should first enact the Digital Asset Basic Act before taxing crypto.
South Korea's ruling party has formally proposed a deferral of the implementation of crypto income tax. The Block reported that the party leader stated the country should first enact the Digital Asset Basic Act to establish a necessary legal foundation before taxing cryptocurrency gains.
The proposal prioritizes the creation of a comprehensive regulatory framework for the industry before introducing tax obligations for retail investors. This legislative move follows economic data showing South Korea's annual inflation rate held at 2.8% on November 2, 2026, while the Manufacturing PMI reached 51.3 on the same date.