CROWDFUNDINSIDER · 2026-10-26 05:53 UTC

South Korea's Crypto Regulatory Framework Nears Final Stage as Tax Timing Debate Intensifies

South Korea's Financial Services Commission Chairman Lee Eog-weon stated on October 22, 2026 that inter-agency discussions on the Digital Asset Basic Act have entered their final phase, with formal legislative review expected to begin soon. A 22% tax on cryptocurrency gains scheduled for January 1, 2027 faces mounting pressure for delay or repeal, with lawmakers and market participants citing incomplete regulatory framework, difficulty obtaining overseas transaction records, and infrastructure gaps. Two competing legislative proposals have emerged: one seeking repeal and another linking…

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