South Korea Crypto Tax: Fourth Delay to 2029 Under Review - Bitcoin Foundation

South Korea's planned taxation of cryptocurrency gains may be postponed again, with a fourth delay—this time to 2029—reportedly under review. The country's crypto tax has already been pushed back three times since it was first scheduled, reflecting the difficulty policymakers face in building a workable framework for digital assets.

The core challenge is definitional and administrative: authorities must settle how gains are calculated, how exchanges report transactions, and how to treat transfers between wallets and across exchanges. Each delay buys time to refine those rules, but it also extends a period of uncertainty for investors and businesses operating in one of the world's most active crypto markets.

For market participants, the key takeaway is that tax policy remains a moving target. A delay is not a repeal—the obligation is being deferred, not removed, so planning should assume some form of taxation eventually arrives. What to watch: whether the 2029 proposal is formally adopted, how the reporting burden falls on exchanges, and whether the rules align with global standards. Until legislation is finalized, the timing and scope of Korea's crypto tax stay unresolved.