South Korea Weighs Fourth Delay of Crypto Tax, With 2029 Start Tied to U.S. Data Sharing
· price · Sentiment: neutral
South Korea is considering a fourth delay to its planned cryptocurrency capital gains tax, potentially pushing implementation to 2029. The delay is reportedly linked to the need for enhanced data-sharing agreements with the United States to effectively track cross-border crypto transactions and combat tax evasion. This reflects ongoing regulatory caution and technical challenges in enforcing crypto taxation. The key implication for Bitcoin is prolonged regulatory uncertainty in one of the world's largest crypto markets, which may continue to support retail-driven price momentum by deferring tax-related selling pressure.