Fourth Delay Looms for South Korea’s Crypto Gains Tax, Pushed to 2029
Photo: TheCoinrise
Lawmakers have again pushed back a long-planned levy on digital asset profits, extending a pattern of delay dating to 2020. South Korea appears set to push back its crypto gains tax once more, this time to 2029. The move marks the fourth postponement of a policy first introduced in 2020. Each delay has kept traders in the country free from a dedicated capital gains levy on digital asset profits, even as the broader crypto market has matured considerably. The original plan called for a tax on crypto gains above a set threshold, mirroring treatment of other investment income.
Source: TheCoinrise
