South Korea Considers Delaying Crypto Tax to 2028

South Korea is considering a three-year delay in implementing its cryptocurrency tax, potentially moving the start date to January 2028 due to investor dissatisfaction and market instability. Initially planned for January 2025 following a law passed in 2021, the tax has faced multiple delays. The government cites the need for secondary legislation to classify cryptocurrencies and define industry business types. Rising investor dissatisfaction amid a market decline has intensified this debate, with daily trading volumes plummeting and concerns over the fairness of taxing crypto while delaying financial investment taxes. Opponents argue that the government is unprepared and overly influenced by public sentiment.