According to reports, Kim Min-seok, the leader of South Korea's ruling Communist Democratic Party, has officially asked the government to postpone the taxation of cryptocurrency income. The previous plan for this tax plan is to take effect next year. Kim Min-seok said that a framework should first be established through the proposed Basic Law on Digital Assets and that businesses and investors should be given time to adapt. South Korea's cryptocurrency tax policy has been delayed three times and is currently scheduled to take effect in January 2027. A final decision on delaying cryptocurrency taxation is expected after further high-level consultations between the ruling party and government.

According to reports, Kim Min-seok, the leader of South Korea's ruling Communist Democratic Party, has officially asked the government to postpone the taxation of cryptocurrency income. The previous plan for this tax plan is to take effect next year. Kim Min-seok said that a framework should first be established through the proposed Basic Law on Digital Assets and that businesses and investors should be given time to adapt. South Korea's cryptocurrency tax policy has been delayed three times and is currently scheduled to take effect in January 2027. A final decision on delaying cryptocurrency taxation is expected after further high-level consultations between the ruling party and government.