South Korean digital assets group advocates postponing crypto tax until 2027

The Korea Digital Asset Service Provider Association (KDA) has called for delaying the capital gains tax on virtual assets, originally set to begin in January next year, to 2027, according to ZDNet Korea. KDA President Kang Seong-hoo argues that taxes should only be implemented after enacting and enforcing necessary laws that bolster investor protection. He suggests that it would be more reasonable to align the start of taxation with the 2027 implementation of The Crypto-Asset Reporting Framework (CARF) by the 38 OECD member countries. Kang also highlighted that unlike financial investments, which are backed by robust protective regulations, virtual assets still have significant regulatory gaps, making immediate taxation unfair without these protections in place.