S.Korea crypto tax falters as yen stablecoin, China’s e-CNY advance

Homepage > News > Finance > S.Korea crypto tax falters as yen stablecoin, China’s e-CNY advance TL;DR: Asia’s digital money race is heating up, with countries taking different approaches to crypto taxation and digital payments. South Korea may delay its crypto gains tax yet again, as lawmakers across party lines push back ahead of its planned January 2027 start. Meanwhile, Korean card giant Shinhan Card and two SBI Group firms are teaming up to pilot yen stablecoin payments between Korea and Japan. China, for its part, has rebuilt its digital yuan platform to support smart contracts and a broader range of payment and settlement uses. Key Takeaways: A fourth postponement of the planned January 2027 crypto gains tax is gaining traction in South Korea amid cross-party opposition and concerns over tax readiness. Shinhan Card and two SBI Group subsidiaries are piloting yen-backed stablecoin payments and exploring blockchain-based cross-border payments and trade settlement. China has upgraded its digital yuan infrastructure to support smart contracts and expand its use across retail payments, trade financing, and financial settlements. South Korea’s long-delayed tax on digital a...