South Korea Weighs Fourth Delay of Crypto Tax, With 2029 Start Tied to U.S. Data Sharing

South Korea is weighing a fourth delay on its crypto gains tax, which would push the start date to 2029. This move is due to concerns that domestic exchange users would bear the tax burden, as the US won't share crypto trading data until 2029. The delay could have significant implications for the crypto market in South Korea, as it would give investors and exchanges more time to prepare for the tax. The crypto gains tax has been a topic of controversy in South Korea, with many arguing that it would stifle the growth of the crypto industry. The delay could be seen as a positive development for the crypto market, as it would give investors and exchanges more time to adapt to the new tax regime. However, it also raises concerns about the government's ability to effectively regulate the crypto market. The delay is expected to be closely watched by investors and exchanges, as it could have a significant impact on the crypto market in South Korea. The government's decision to delay the tax is likely an attempt to balance the need to regulate the crypto market with the need to promote the growth of the industry.