Regulation
Neutral
South Korea crypto bill enters final talks as tax debate continues
Image: Crypto.newsSouth Korea's Digital Asset Basic Act is in final consultations, with regulators moving to advance the legislation. The bill would create a comprehensive framework for digital asset issuance and business licensing. Lawmakers are debating a proposed 22% tax on qualifying crypto gains, which has been postponed multiple times. The tax remains scheduled for January 1, 2027. The Bank of Korea has raised concerns about privately issued stablecoins.
Key points
- South Korea's crypto legislation is nearing completion as regulators enter final consultations.
- The bill seeks a comprehensive framework that includes licensing rules for crypto businesses.
- Lawmakers are debating a proposed 22% tax on certain crypto income or gains.
- The proposed crypto tax has been postponed multiple times.
Why it matters
The bill would set licensing and issuance rules for South Korea's crypto market. The tax debate leaves the timing of a 22% levy on qualifying gains unresolved.
What's unclear
The formal introduction date for the Digital Asset Basic Act has not been announced.
Lawmakers have not decided whether to postpone or repeal the 22% crypto tax before January 1, 2027.
Sources · 3 publishers
Crypto Briefing
Tier 2
South Korea’s crypto bill nears completion amid tax debate intensification
Crypto.news
Tier 2
South Korea’s crypto bill enters final talks ahead of 2027 tax deadline
Coverage timeline
- First reported by The Block
- Also reported by Crypto Briefing
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
