South Korea's Ruling Party Wants to Delay the Crypto Tax Again
Nov 4, 2026
South Korea's governing party has formally proposed pushing back the country's crypto income tax, arguing that a proper legal framework needs to come first.
Tax Delay, Take Another Round
South Korea's ruling party has formally proposed deferring the country's long-debated crypto income tax once again. The party leader argued that before taxing crypto gains, the country first needs to pass the Digital Asset Basic Act, a comprehensive legal framework meant to properly regulate the space.
This isn't the first time the tax has been pushed back. South Korean lawmakers have delayed the crypto tax multiple times over the past few years, citing concerns that taxing an unregulated market puts investors at a disadvantage without clear rules protecting them.
What Comes Next
For now, traders in South Korea get a bit more breathing room while politicians sort out the legal groundwork. Whether the Digital Asset Basic Act actually gets passed on a reasonable timeline is the real question, and history suggests these things tend to drag on longer than expected.