South Korea's Ministry of Economy and Finance Meets with 5 Exchanges: No Clear Decision Yet on Delaying or Abolishing Virtual Asset Taxation

Odaily Report: South Korea's Ministry of Economy and Finance has convened a symposium on virtual asset taxation with five exchange operators—Dunamu, Bithumb, DigitalX, Coinone, and Streami—as well as institutions including the Financial Services Commission, to discuss the current tax regulations, market conditions, and tax preparation work, as well as delaying or abolishing the taxation, but no clear decision has been made on the relevant measures.

It is reported that South Korea's virtual asset taxation policy was established in 2020 and was originally scheduled to take effect in 2022, but has since been postponed to 2023, 2025, and 2027. The National Tax Service is currently preparing the relevant detailed rules, but matters such as staking still require consultation with the Ministry of Economy and Finance. If the detailed rules are announced next month, only about two months will remain before the planned implementation date. (Yonhap)