The South Korean government delayed the levy of cryptocurrency earnings by another two years, from January next year to 2029. The official reason given is the need to implement the exchange of overseas tax information and improve the collection and administration system, but analysts believe that the decisive factor is the decline in support of young people for this policy — and young people are the main investors in digital assets. According to the original plan, a total of 22% tax, including local income tax, will be levied on the portion of the cryptocurrency annual revenue exceeding 2.5 million won; after this extension, the tax plan will not be implemented until 2029.

The South Korean government delayed the levy of cryptocurrency earnings by another two years, from January next year to 2029. The official reason given is the need to implement the exchange of overseas tax information and improve the collection and administration system, but analysts believe that the decisive factor is the decline in support of young people for this policy — and young people are the main investors in digital assets. According to the original plan, a total of 22% tax, including local income tax, will be levied on the portion of the cryptocurrency annual revenue exceeding 2.5 million won; after this extension, the tax plan will not be implemented until 2029.