South Korea plans to tax crypto gains over $1,740 as political battle moves to parliament
CoinDesk·
60-second summary
South Korea plans to tax cryptocurrency gains exceeding $1,740 from January 1, 2027, marking a fourth attempt to implement the measure, which has been met with resistance. This move signals a shift in the government's stance, indicating a potential end to delays. The tax will likely impact South Korea's crypto market, affecting investor behavior and potentially altering the landscape.
The country plans on taxing cryptocurrency gains from Jan. 1, 2027, signaling that it does not intend to postpone the measure for a fourth time.