ME News reports that on October 18 (UTC+8), South Korea’s five major cryptocurrency exchanges plan to meet with the government on October 20 to push for a fourth delay of the 22% cryptocurrency tax, originally scheduled to take effect in January 2027.
South Korea's cryptocurrency tax policy has been postponed three times previously, and the ruling party's proposed bill now aims to further delay implementation until 2029. This meeting will gather industry input on the cryptocurrency tax framework, though it remains undecided whether another extension will be granted. (Source: ODAILY)
South Korea’s Top 5 Crypto Exchanges Seek Fourth Extension of the 22% Crypto Tax to 2029
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Summary
South Korea’s top altcoin exchanges plan to meet with regulators on October 20 to advocate for a fourth delay of the 22% crypto tax. Originally scheduled for 2027, the tax could now be postponed to 2029 under a ruling party proposal. On-chain reports indicate the meeting will collect industry feedback, though approval remains uncertain. The five largest exchanges are seeking additional time to adapt to the new tax framework.
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