South Korea2026.10.20Block Media

Government to Run 'Comprehensive Review' of Crypto Tax Preparations — Industry Says It Needs More Time to Verify Systems

• South Korea's digital asset taxation is scheduled to take effect on January 1 next year, and the government is comprehensively reviewing readiness across transaction-type standards, filing convenience, and international information exchange.
• First Vice Minister of Economy and Finance Kwon Dae-young held a field meeting on October 20 at the Seoul Regional Public Procurement Service with digital asset industry figures and experts to collect opinions on the tax rollout.
• Crypto exchanges told the government they need a dedicated preparation period to build and verify the systems required for submitting tax-related data.