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Regulation

South Korea Weighs Delaying Crypto Tax to 2029

South Korea’s government is reportedly considering postponing the implementation of its 2020 income tax policy on digital assets until 2029, citing concerns over receiving data from US officials. The potential delay would mark another pushback for the crypto tax framework, which has already faced multiple postponements. No final decision has been announced.

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AI take

Another delay would deepen the credibility problem for South Korea's digital-asset tax framework, which has now been deferred repeatedly since 2020. The stated rationale — reliance on data from US officials — signals that cross-border information sharing, not domestic policy design, is the binding constraint on enforcement. That matters most for Korean exchanges and holders who have faced years of unresolved tax exposure. The open question is whether this becomes a formal postponement or remains a trial balloon, and whether the data-dependency argument hardens into a longer structural delay.

Generated by AI for reference only.

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