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South Korea's encryption asset tax may be postponed again, with uncertain prospects before its implementation in 2027.
PANews, November 24 news, according to the Korean Economic Daily, the taxation system for encrypted assets originally scheduled for implementation in 2027 may face a fourth delay due to existing gaps in the core system. The Korea Capital Market Institute pointed out that there is currently a lack of clear definitions for the profits from Airdrop, lending, Staking, etc., and there is also a lack of tax basis for overseas transactions and P2P transactions. If there is another delay, it may seriously undermine trust in the system. Industry insiders are calling for a prompt clarification of the tax objects and methods, as well as the establishment of an information tracking system. As of the first half of 2025, the number of users who have completed identity verification at domestic virtual asset exchanges in South Korea has reached 10.77 million. This number is similar to the scale of 14.23 million listed stock investors at the end of last year.