YONHAP · 2026-11-04 02:15 UTC

Ruling party proposes gov't delay planned taxation of cryptocurrency

South Korea's ruling Democratic Party formally proposed postponing cryptocurrency taxation implementation set for January 1, 2025. The party argues businesses and investors need time to adapt and calls for enacting a Digital Asset Basic Act first to establish a comprehensive framework. This would be the fourth delay since the taxation scheme was first introduced in 2020; gains over 2.5 million won face a 22% tax rate.

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