South Korea Weighs Delaying Crypto Gains Tax Until 2029
Edited by Steinar Vigdel Kolnes, Editor, Oslo
South Korea is considering a fourth delay to its crypto gains tax amid concerns about unequal access to trading data, CoinDesk reported.
South Korea is weighing whether to postpone its tax on cryptocurrency gains until 2029, according to CoinDesk. If adopted, the move would mark the levy’s fourth delay.
Officials are concerned that users of South Korean exchanges could bear the tax burden while authorities have limited access to information about trading abroad.
The concern centers on the United States, which is not expected to share crypto trading data until 2029. The proposed postponement remains under consideration rather than a confirmed policy change.
Source: CoinDesk
