South Korea's deputy prime minister and finance minister, Lee Hyung-il, said the government will delay taxing virtual assets by two years to 2029. He said that after 2029, if US virtual-asset trading information is available, the government will have enough data to tax investors using US exchanges.
The story so far: South Korea crypto tax debate
South Korea has been debating a delay to cryptocurrency income taxation, with the government formally seeking a two-year delay to the digital asset income tax due to start in 2027 at 22%. The government now plans to delay crypto taxation to 2029 and let investors carry losses forward through 2032, pending parliament…
Headlines only, oldest first. Open a headline for the full update and the outlet it came from.
South Korea says it can tax US-exchange investors after 2029
More Regulation updates
Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.
Breaking news and our own Originals on your phone or desktop, the moment they are out. A few alerts a day at most.
