South Korea considers crypto tax delay as five exchanges meet officials

South Korea has moved closer to another debate over delaying its planned 22% cryptocurrency income tax, with officials preparing to meet five major exchanges on October 20 after a ruling-party lawmaker introduced legislation that could push implementation toward 2029. Summary South Korean officials will meet five major crypto exchanges Tuesday to discuss January’s scheduled tax rollout. A new bill proposes delaying cryptocurrency taxation until after international transaction data sharing begins operating. The current framework imposes a combined 22% tax on qualifying annual crypto income above exemptions. Exchanges say unresolved rules for staking, airdrops and DeFi complicate preparations for the planned tax. Tax authorities are preparing November guidelines while lawmakers consider another postponement before January’s implementation deadline. According to an October 18 report by Yonhap News Agency, representatives from Upbit, Bithumb, Coinone, DigitalX and Gopax are expected to attend the consultation alongside executives from the Digital Asset Exchange Alliance, known as DAXA. The meeting follows concerns from trading platforms that tax rules for several cryptocurrency activit...