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South Korea plans to bring stablecoins under payment rules in foreign exchange law revision

NewsFeeds update

South Korea's government and central bank plan to revise the Foreign Exchange Transactions Act this year to cover stablecoins as payment instruments and set up a virtual asset monitoring framework. The Bank of Korea says it is coordinating cross-border digital asset rules with the government and building an international framework against illegal digital asset trading.

RegulationOdailyAIBearish

Read the original on Odaily

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.

  1. South Korean ruling party lawmaker urges delay of crypto tax; government sticks to schedule

  2. South Korean floor leader urges review of crypto tax plan

  3. DAXA vice chairman calls for full review of South Korea's crypto tax regime

  4. South Korea to broadly gather views on crypto taxation, deputy PM says

  5. South Korea to seek industry and expert views on planned crypto tax before 2027 rollout

  6. South Korea ruling party backs crypto tax plan starting next year

  7. South Korea's deputy PM says virtual asset tax review will take in wide views

  8. South Korea finance ministry says no formal FSC talks on offshore crypto derivatives tax

  9. South Korea's Lim Kwang-hyun says January crypto tax launch faces infrastructure gaps

  10. South Korea to meet five major crypto exchanges on 20 Oct over virtual asset tax

  11. South Korean exchanges push for further delay to crypto tax

  12. South Korea's virtual-asset tax may slip again before 1 January start

  13. South Korea reviews crypto tax readiness before 1 January 2027 rollout

  14. South Korea's finance ministry meets five exchanges on virtual asset tax

  15. South Korea assembly panel weighs petition to scrap crypto tax

  16. South Korea's PPP says it will seek deal with Democratic Party on digital asset taxation

  17. South Korea's November assembly session to test won stablecoin and crypto tax push

  18. South Korea finance chief Lee says crypto tax decision to follow wider consultations

  19. Lee Eok-won says crypto tax needs broad review as digital asset bill nears final talks

  20. Han Dong-hoon says South Korea should delay crypto tax and legislate in stages

  21. South Korea pushes FX law change to bring stablecoins under payment rules

  22. South Korea plans to bring stablecoins under payment rules in foreign exchange law revision

  23. South Korea's Blue House leans towards fourth delay of 22% crypto income tax

  24. Park Soo-young calls for quick confirmation of crypto tax delay

  25. South Korea's Democratic Party to weigh further delay to crypto tax

  26. South Korea considers education tax on crypto exchanges if classed as financial institutions

  27. South Korea's Democratic Party weighs delaying crypto tax due in January

  28. South Korea's ruling party leans towards another delay to crypto tax

  29. South Korea's Lee Hyoung-il says government will listen on digital asset taxes

  30. KSOI poll finds 41.6% back Korea's planned crypto tax, younger respondents favour delay

  31. South Korea's Democratic Party to meet five largest exchanges before fourth tax delay decision

  32. South Korea's ruling party to meet five crypto exchanges on tax delay

  33. Min Byoung-dug says South Korea should pass digital asset law before crypto tax

  34. Yoon Sang-hyun says clear crypto tax standards needed as levies delayed three times

  35. South Korea's crypto tax plan divides opinion as debate pits legislation against further delays

  36. Bae Jun-young presses Democratic Party to settle crypto tax delay before 2 Nov review

  37. Park Min-kyu calls for virtual-asset tax delay and swift passage of Digital Asset Framework Act

  38. Lee Kang-il says government will submit Digital Asset Basic Act in November

  39. South Korea to tax offshore US stock perpetual futures profits at 11%

  40. South Korea ruling party lawmakers to propose delay to virtual asset tax

  41. South Korea finance ministry says no decision on taxing perpetual futures on overseas exchanges

  42. Jang Dong-hyuk says crypto tax discord adds to market uncertainty

  43. South Korea says taxing overseas stock-linked perpetual futures needs capital markets law review

  44. Kim Min-seok proposes delaying South Korea's crypto income tax

  45. South Korean progressive parties oppose Democratic Party plan to delay virtual asset tax

  46. South Korea to seek two-year delay to crypto income tax, pushing start to 2029

  47. Yoo Dong-soo says digital asset basic act proposal due soon despite delay concerns

  48. PPP lawmakers urge government apology over crypto tax delay confusion

  49. South Korea to formally push two-year delay of digital asset income tax

  50. South Korea says it can tax US-exchange investors after 2029

  51. South Korea plans to let crypto losses be carried forward to 2032

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Every Regulation update on NewsFeeds

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.