South Korean lawmakers are reportedly considering moving the start of the country's cryptocurrency income tax to 2029. The tax is currently scheduled to take effect in January 2027. Cointelegraph reported the story on Oct 26, 2026.
The policy dates back to 2020. The report calls the possible move another delay, which means the tax has already been postponed before. If the 2029 date is adopted, about nine years would separate the policy from its first day in force.
The stated reason is data from the United States. Officials in Seoul reportedly have concerns about receiving information from US officials. The report does not say what data is involved or why it has not arrived.
Some things are still unknown. The report does not say whether a decision has been made, who would have to approve a delay, or when that would happen. For now, January 2027 is still the official start date.
For someone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, this changes nothing directly. The report covers when South Korea starts taxing crypto income. It says nothing about funding rates, trading fees or liquidity on any exchange. Nothing in the story changes what a position costs to hold today.
Source: cointelegraph — South Korea lawmakers mull pushing crypto tax implementation to 2029