South Korean finance officials are due to meet the country’s leading cryptocurrency exchanges as political and industry pressure grows to postpone the planned introduction of crypto taxation.
The consultation is expected to take place on Tuesday and will include representatives from Upbit, Bithumb, Coinone, DigitalX and Gopax, as well as executives from the Digital Asset Exchange Alliance, or DAXA. Government participants are set to include Kwon Dae-young, first vice minister of finance and economy, and Yoo Young-jun, director general for digital financial policy at the Financial Services Commission. The meeting was reported by Yonhap and covered by Cointelegraph.
Tax start has already been delayed three times
South Korea’s cryptocurrency tax has faced repeated delays because of political disagreement and concerns from the industry. The latest postponement moved the scheduled start to January 2027, after earlier disputes over exchange readiness and the level at which taxation would apply.
The latest discussions could extend that timetable again. An exchange official told Yonhap that important rules for different types of transactions have not yet been completed, while the remaining preparation period for the necessary infrastructure is becoming shorter. The official said there was a shared view among exchanges that the tax should be postponed.
The consultation therefore comes at a point when the government and trading platforms are still working through both regulatory details and the practical systems needed to apply the tax. The source material does not specify the tax rate or threshold currently under discussion.
Lawmaker proposes a delay tied to international reporting
On Friday, Democratic Party of Korea lawmaker Park Min-gyu introduced legislation that would defer taxation until January 1 of the second year after South Korea begins exchanging information under the Organisation for Economic Co-operation and Development’s Crypto-Asset Reporting Framework, known as CARF.
The proposal links the domestic tax timetable to the country’s international exchange of crypto-asset data. South Korea’s first such exchange is expected in 2027. If that schedule is followed, the bill would move the tax’s start date to 2029.
CARF is an international framework for reporting information on crypto-asset activity between participating jurisdictions. In this case, the proposed link would give exchanges additional time before the tax became effective, while connecting implementation to the development of cross-border reporting arrangements.
Moneyiar market picture
Moneyiar market data at 22:19 on October 19, 2026, showed mixed performance among the listed assets:
- Decimal (DEL): $0.4376666758, down 0.45% over 24 hours and up 5.35% over seven days.
- AKEDO (AKE): $0.0299379659, down 0.59% over 24 hours and up 26.31% over seven days.
- Ore (ORE): $111.6595413611, up 5.46% over 24 hours and down 2.98% over seven days.
Moneyiar also recorded Starpower (STAR) at $0.1691322256, with a 26.33% 24-hour gain and a 55.76% seven-day gain. That Starpower reading was timestamped August 26, 2026, at 02:23, rather than October 19.
