South Korea leans toward fourth delay of crypto gains tax, pushing start to 2029
Officials say lack of U.S. trading data sharing under OECD framework is the main obstacle
South Korean officials are leaning toward postponing the country's planned tax on cryptocurrency gains for a fourth time, pushing the start date to 2027 to 2029, according to local media reports. The delay is driven by concerns that the tax burden would fall disproportionately on users of domestic exchanges because the United States will not begin sharing crypto trading data until 2029 under the OECD's Crypto-Asset Reporting Framework.