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[BUSINESS] · South Korea, United States · 25 sources

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Part of situation: South Korea digital asset taxation debate (12 clusters)

South Korea weighs further delay of cryptocurrency tax

cryptocurrency taxation South Korea CARF digital assets tax postponement

South Korean government officials and the Democratic Party held consultations on October 28 to discuss a potential fourth postponement of the cryptocurrency gains tax, currently scheduled to begin on January 1, 2027. While there is general agreement on the principle of taxation, no final decision was reached regarding a delay.

Key points of contention include the difficulty of monitoring transactions on foreign exchanges and ensuring tax equity between domestic and international users. Lawmakers noted that without robust international data-sharing frameworks, such as the OECD’s Crypto-Asset Reporting Framework (CARF), tax enforcement could disproportionately affect users of domestic exchanges. Because the United States is not expected to begin information exchange under CARF until 2029, some officials suggest 2029 as a more viable implementation date.

Other issues under discussion include the classification of crypto-based derivative products, loss carry-forward deductions, and the need for the Digital Asset Basic Act to establish a comprehensive regulatory framework. Additionally, there are discussions regarding a potential education tax on cryptocurrency exchanges if they are reclassified as financial businesses. Under such a reclassification, major operators like Dunamu and Bithumb could face significant annual education tax liabilities based on their operating revenue.

Entities

Bithumb · Democratic Party of Korea · Dunamu · National Tax Service · OECD · Organisation for Economic Co-operation and Development · Park Min-gyu · South Korea · United States

Claims

What the coverage asserts, and how many sources carry each claim.

Sources

Bithumb discloses data leak after internal system breach: Report | CryptoCompass [cryptocompass.com]
당정, 가상자산 과세 유예 결론 못 내…“당 차원서 조금 더 점검” [www.kyeonggi.com]
경기신문 - 기본에 충실한 경기·인천 지역 바른 신문 [www.kgnews.co.kr]
전문가들과 함께 만드는 신문 - 조세금융신문(www.tfnews.co.kr) [www.tfmedia.co.kr]
당정, ‘가상자산 과세 유예’ 결론 아직…“당 차원서 더 점검” - 시사저널 [www.sisajournal.com]
당정, 가상자산 과세 유예 결론 못 내…형평성 등 점검 쟁점 - 진일보 | 전남일보 [www.jnilbo.com]
South Korea weighs education tax on crypto exchanges [grafa.com]
Bithumb Reports Data Leak After Internal System Breach [www.cryptobreaking.com]
코인 과세 유예 놓고 당정 '결론 보류' …해외거래소 형평성·전산 준비 쟁점(종합) [www.blockmedia.co.kr]
South Korea Considers Delaying Crypto Gains Tax Until 2029 as Government Reassesses Rules [coinpaper.com]
Südkorea verschiebt Krypto-Gewinnsteuer wohl erneut – Einführung bis 2029 in Sicht [www.it-boltwise.de]
South Korea weighs education tax on crypto exchanges [crypto.news]
Güney Kore kripto vergisini 2029'a kadar ertelemeye hazırlanıyor [coin-turk.com]
Bithumb among three South Korean financial firms reporting data breaches [cryptobriefing.com]
당정 “제도 보완”에…가상자산업계, 규제 정비 기대 [biz.heraldcorp.com]
당정서도 결론 못 낸 ‘코인 과세’…김민석 “유예 바람직 의견 많아” [www.seoul.co.kr]
'가상자산 과세' 결론 못 낸 당정…유예 없으면 내년 1월 과세 [www.mbn.co.kr]
김민석 “당정 협의서 ‘가상자산 과세 유예’ 의견 많이 나왔다” [www.hani.co.kr]
당·정, 가상자산 과세 원칙 공감에도…유예 결론 못냈다 [www.newstomato.com]
South Korea Weighs Revenue-Based Education Tax for Crypto Exchanges [econotimes.com]
Güney Kore kripto vergisi yeniden tartışıyor [www.sondakika.com]
S.Korea crypto tax falters as yen stablecoin, China's e-CNY advance [coingeek.com]
South Korea Weighs Fourth Delay of Crypto Gains Tax Until 2029 - FinanceFeeds [financefeeds.com]
After three delays, is Korea ready to tax crypto? [www.koreaherald.com]
South Korea Weighs Another Delay on 22% Crypto Tax, Pushing to 2029 [cointelegraph.com]