South Korean government officials are reportedly weighing another delay to the crypto income tax, currently set to take effect on January 1, 2027. According to Newsis, the tax could be pushed to 2029, partly because that is the earliest point at which information on digital asset exchange taxes can be shared with the US. The policy imposes a 22% tax on crypto gains (20% income tax and 2% local tax) for investors earning over 2.5 million Korean won ($1,883) a year, and has been delayed several times since it was proposed in 2020. An official said the government is discussing postponing implementation, while the US is scheduled to join the OECD's Crypto-Asset Reporting Framework in 2029 and South Korea will start in 2027. The official reportedly noted that the US accounts for nearly half of the virtual asset market.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Cointelegraph ↗
Keywords
cryptotaxesSouth Korearegulation
Open a keyword to see other news on the same topic.
Related tickers and likely impact
BTC/USDT
▲ Likely positiveBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/25/2026 | 80,154.09 |
| Change that session | -0.91% |
ETH/USDT
▲ Likely positiveEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $285.6B |
| Close on 10/25/2026 | 2,329.87 |
| Change that session | -1.23% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- South Korea weighs fourth delay on its crypto gains tax, pushing it to 2029
South Korea is leaning toward delaying its crypto gains tax, due to start in January, until 2029, which would be a fourth postponement. Officials are concerned that users of domestic exchanges would bear most of the burden because the U.S. will not share crypto trading data until 2029, and one official said almost half the crypto market is in the U.S. Deputy Prime Minister Koo Yun-cheol had said in July the tax would take effect in January 2027, but his successor, Lee Hyung-il, said he would gather views from parliament, experts and industry. Under current rules, annual net income from crypto transfers or lending is taxed at 20%, or 22% including local income tax, after a 2.5 million won ($1,887) deduction. Parliament must approve the change, with a final decision expected by early December.
- South Korea to meet crypto exchanges amid calls for tax delay
South Korean finance officials are reportedly set to meet major crypto exchanges, including Upbit, Bithumb, Coinone, DigitalX and Gopax, on Tuesday, days after a lawmaker introduced a bill that could delay the crypto tax by two years. The tax has already been postponed three times and is currently scheduled to start in January 2027. An exchange official said unresolved transaction standards and limited time to prepare infrastructure support a delay. Democratic Party lawmaker Park Min-gyu's bill would push the start date to January 1 of the second year after Korea begins sharing data under the OECD's Crypto-Asset Reporting Framework; with the first data exchange expected in 2027, taxation would begin in 2029.
- Korea needs rules to match rise of digital money , experts say
Experts at a Herald Media Group forum in Seoul said blockchain could let money move as easily as email, calling it an “internet of money,” but Korea still has legal groundwork to lay before stablecoins and tokenized securities go mainstream. Revised securities laws will allow token securities from early next year, and regulators’ September roadmap ends with on-chain settlement using stablecoins, which requires a digital asset law and a won-pegged stablecoin. The main obstacle is knowing who owns a wallet, while cross-border stablecoin deals remain years away and foreign exchange rules have yet to catch up.
- South Korea blocks 27 crypto exchanges, including Bitmart and Kucoin
South Korea's Financial Intelligence Unit (FIU) said the Korea Communications Standards Commission approved blocking the websites of 27 unregistered crypto exchanges, including KuCoin, BitMart and MEXC, extending earlier curbs on their mobile apps. Overseas-run sites will be blocked and domestic operators face service termination, and regulators can now act as soon as they detect unregistered activity without waiting for a court ruling or proof of customer losses. The FIU has referred 44 unregistered operators to investigators, will target sites that reopen under new addresses, and notes that only 28 virtual asset service providers are registered. It warned that customers of unauthorized platforms may struggle to recover funds, urged investors to check registration and withdraw assets, and said it will work with DAXA to help affected users. Investors had already moved an estimated $110 billion out of domestic exchanges in 2025.
- South Korea Exchange Ban Hits KuCoin, MEXC and 25 Other Platforms
South Korea's Financial Intelligence Unit (FIU) said authorities ordered a domestic access ban on 27 websites of unregistered overseas crypto exchanges, including KuCoin, MEXC, Phemex, BingX and BitMart, extending enforcement from app stores to websites. Regulators treat a platform as operating locally based on factors such as Korean-language sites, marketing to Korean users and support for won payments, and the communications review body approved the measures after reviews on October 6 and 7. The FIU had earlier asked Google and Apple to restrict unregistered exchange apps, with Google Play restricting 17 platforms in March 2025. Operating without registration can bring up to five years in prison or a fine of up to 50 million won. The FIU urged users to withdraw assets immediately despite the risk that blocks could make withdrawals harder, and a June probe by DAXA and registered operators found flagged exchanges charged average fees of 1.5% to 10%, versus 0.16% at the five largest won-based exchanges.
- Seoul Moves to Block 27 Crypto Exchanges. Will Korean Money Come Home?
Related markets
Latest news
- Anthropic is leasing data centers to reduce reliance on Amazon, Google, others
Anthropic (ANTH.PVT) says it is increasingly leasing AI data centers under its Anthropic Direct initiative, to meet its large computing needs beyond capacity bought from cloud providers such as Amazon (AMZN) and Google (GOOG, GOOGL). According to its S-1 prospectus made public on Monday, this hybrid model could also bring long-term economic advantages. In November 2025, the company announced a $50 billion investment in which Fluidstack will build data centers in Texas and New York. Meanwhile, data centers face opposition from communities over air and noise pollution and water use, with towns and counties issuing moratoriums or bans, and New York imposing a one-year statewide moratorium. Anthropic lists further moratoriums as a key risk factor and says it is expanding capacity internationally to reduce concentration risk in the United States.
- Nearly 300 Employees Leave a Securities Firm in Q3
As of the end of Q3 2026, VPS Securities (VCK) had 1,635 employees, down 286 from the end of Q2, a decline of nearly 15% in three months. Compared with the peak of 2,561 at the end of Q2 2022, headcount is down 926, or about 36%. The cuts come as brokerage faces pressure from weakened market liquidity, with brokerage revenue falling 68.2% year on year to about 485 billion VND. Total operating revenue in Q3 was 2,076 billion VND, down 23.3%, and after-tax profit was nearly 894 billion VND, down 20.7%. Margin lending income, however, rose 34.3% to nearly 948 billion VND, and nine-month pre-tax profit still grew 27% to 4,044 billion VND.
- Bristol Myers Squibb: Bargain Buy or Value Trap?
Bristol Myers Squibb (BMY) has a market cap of about $125 billion, but its stock has returned just 6% over five years, while the S&P 500 returned nearly 70%. In the first six months, legacy portfolio revenue fell 6% excluding FX, while the growth portfolio grew 12% organically; overall revenue rose just 3% organically. The stock is up nearly 14% this year, slightly ahead of the S&P 500's roughly 12%. It trades at about nine times estimated future earnings versus the S&P 500's average of 19, and pays a 4.1% dividend with a payout ratio of around 55%. The author views the stock as undervalued, while acknowledging the company is dealing with patent expirations.
- Microsoft offers voluntary exit packages to 60,000 staff
Microsoft is offering voluntary buyouts to about 60,000 employees, roughly a quarter of its workforce, as it cuts costs while investing heavily in AI. Eligible staff are vice president level and below on select teams in the US, Canada, India and Britain, while groups including some data center, sales and marketing employees are excluded. This is the second voluntary offer this year; in April, Microsoft reportedly offered about 7% of its US workforce early retirement, and around 30% of those eligible took it, according to CNBC. Headcount fell from 228,000 at the end of 2025 to 223,000 at the end of June, per regulatory filings, and about 27% of the workforce is eligible for the new offer. The move comes amid tech layoffs at Meta, Amazon, Uber and others, and the company is expected to report quarterly earnings this week.
- 5 Key Numbers From Anthropic's S-1 Filing
Anthropic has filed its S-1 registration statement, plans to list on Nasdaq under the ticker ANT, and is reportedly looking to raise $100 billion at a valuation of up to $2 trillion. Second-quarter 2026 revenue reached $11.6 billion, compared with $787 million in the same quarter of 2025 and roughly $4.7 billion in the prior quarter; first-half revenue totaled nearly $16.3 billion, a 12.5-fold increase year on year. The filing lists spending commitments on compute and infrastructure totaling $637 billion, the largest being $161.2 billion with Broadcom for TPU compute capacity over five years. First-half gross margin was 85% based on the reported cost of revenue, while R&D costs of about $9.7 billion and sales and marketing costs of $3.8 billion sit outside cost of revenue. In the third quarter, 79% of revenue came from customers outside the top five, and no single customer accounted for more than 10% of revenue in the nine months ending Sept. 30.
- Tesla stock leaves rest of the Magnificent 7 in the dust, surging to October’s top spot
Tesla (TSLA) shares rose about 6% on Monday, their best day since early July and highest close in about 3 months. The stock is up double digits in October, the best in the Magnificent 7, though it is still down double digits for 2026. It broke above $386, which is both its highest October close and roughly its 200-day moving average, as Barclays raised its price target to $450 from $370 on the view that a merger with SpaceX (SPCX) could give shareholders a takeout premium. No deal has been announced, though Musk confirmed the two companies formed independent committees to explore a combination. The article says holding $386 keeps the rally on course, while a drop below it would turn Monday's gain into a one-day pop, with the next level to watch in the low $450s.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.