South Korea proposes delaying 22% crypto gains tax to 2029

South Korea has proposed postponing its 22% tax on cryptocurrency gains until 2029, extending a delay that has already pushed the levy back from its original 2022 start date. The move is intended to bolster investor confidence and create a more favorable regulatory environment for crypto investment in the country. The tax would apply to gains above a certain threshold, though the article does not specify the exact deduction limit. The delay matters because South Korea is one of the largest retail crypto markets, and repeated postponements have left traders and exchanges without clarity on taxation. What to watch next is whether lawmakers approve the proposal and set a firm timeline, which would give exchanges and investors a clearer basis for planning.