South Korea’s deputy prime minister and finance minister said the government will begin taxing gains from crypto assets on Jan. 1, 2027, sticking to its existing timetable and putting fresh delay speculation to rest. The tax plan for crypto assets had already been postponed for a long period, so the latest statement gives the market a clearer implementation date. Officials framed the move as a step to remove policy uncertainty around the issue after repeated delays. Market participants, however, have raised concerns about how the tax could affect local trading activity once it takes effect. According to the report, some in the market worry that trading volumes on domestic exchanges may decline after the levy is introduced, while part of the investor base could shift to offshore platforms. The update was cited by WuBlockchain.
South Korea’s deputy prime minister and finance minister said the government will tax gains from crypto assets starting Jan. 1, 2027, keeping its original schedule and ending speculation that the measure could be delayed again.
The country’s crypto asset taxation plan had already faced a long series of delays. This latest statement sets out a firm timetable and is intended to remove policy uncertainty.
Market participants are concerned that once the tax takes effect, trading volumes at local exchanges may fall and some investors may move to overseas platforms.
The update was cited by WuBlockchain.
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