The ruling party of South Korea is considering postponing the collection of cryptocurrency taxes again until 2027

ChainCatcher news, according to The Block, the ruling People Power Party of South Korea is considering postponing the collection of cryptocurrency investment income tax for another two years in the upcoming election campaign. The party stated that it will prioritize establishing a basic regulatory framework for cryptocurrencies rather than taxing investors, and plans to propose a series of new regulations for the crypto industry in the next term.

It is reported that South Korea's cryptocurrency income tax was originally scheduled to be implemented on January 1, 2023, but has now been postponed to take effect in January 2025. Another delay would push the start date of the tax plan to 2027.