The post South Korea’s Virtual-Asset Tax Plan May Face Another Delay Till 2027 appeared on BitcoinEthereumNews.com. Institutional deficiencies may cause delay in implementing virtual asset taxation to 2027. Key issues include undefined rules for lending, staking, airdrops, foreign exchanges, and taxation of nonresidents. Regulators are tightening KYC/AML enforcement, with Dunamu fined ₩35.2 billion and other exchanges facing pending sanctions. South Korea’s planned cryptocurrency tax framework may face another postponement, according to local outlet Hans Economy, which reports that key definitions and standards within the system remain unresolved. If delayed again, the implementation timeline would extend beyond five years. In a recent report, Kim Gap-rae, Senior Research Fellow at the Capital Market Research Institute, said that despite three prior delays, “fundamental gaps in the cryptocurrency tax system remain unresolved,” making a 2027 rollout uncertain. He noted that “a fourth delay cannot be ruled out.” Under current plans, taxation on gains from cryptocurrency transfers and lending is scheduled to begin in early 2027. However, Hans Economy notes that classification challenges persist across areas such as lending income, airdrops, hard forks, mining, and staking, which have yet to receive formal definitions. The report also highlights uncertainty around how tax rules will apply to foreign exchanges, decentralized platforms, and P2P transactions. Additional issues include taxation of nonresidents, determining acquisition costs, and establishing the timing of taxable events. Related: ’Consistency, Innovation, and Stability’: 3 Key Considerations for South Korea’s Stablecoin Implementation Increased Regulatory Focus on KYC and AML At the same time, local exchanges are facing heightened scrutiny under Korea’s KYC and anti–money laundering requirements. As per the sources available it was found that financial authorities are preparing a series of sanctions for compliance violations. Earlier this year, the Financial Intelligence Unit (FIU), operating under the Financial Services Commission, reprimanded Dunamu’s CEO and imposed a three-month suspension on deposits and withdrawals for new customers over KYC and suspicious-transaction reporting issues. Regulators… The post South Korea’s Virtual-Asset Tax Plan May Face Another Delay Till 2027 appeared on BitcoinEthereumNews.com. Institutional deficiencies may cause delay in implementing virtual asset taxation to 2027. Key issues include undefined rules for lending, staking, airdrops, foreign exchanges, and taxation of nonresidents. Regulators are tightening KYC/AML enforcement, with Dunamu fined ₩35.2 billion and other exchanges facing pending sanctions. South Korea’s planned cryptocurrency tax framework may face another postponement, according to local outlet Hans Economy, which reports that key definitions and standards within the system remain unresolved. If delayed again, the implementation timeline would extend beyond five years. In a recent report, Kim Gap-rae, Senior Research Fellow at the Capital Market Research Institute, said that despite three prior delays, “fundamental gaps in the cryptocurrency tax system remain unresolved,” making a 2027 rollout uncertain. He noted that “a fourth delay cannot be ruled out.” Under current plans, taxation on gains from cryptocurrency transfers and lending is scheduled to begin in early 2027. However, Hans Economy notes that classification challenges persist across areas such as lending income, airdrops, hard forks, mining, and staking, which have yet to receive formal definitions. The report also highlights uncertainty around how tax rules will apply to foreign exchanges, decentralized platforms, and P2P transactions. Additional issues include taxation of nonresidents, determining acquisition costs, and establishing the timing of taxable events. Related: ’Consistency, Innovation, and Stability’: 3 Key Considerations for South Korea’s Stablecoin Implementation Increased Regulatory Focus on KYC and AML At the same time, local exchanges are facing heightened scrutiny under Korea’s KYC and anti–money laundering requirements. As per the sources available it was found that financial authorities are preparing a series of sanctions for compliance violations. Earlier this year, the Financial Intelligence Unit (FIU), operating under the Financial Services Commission, reprimanded Dunamu’s CEO and imposed a three-month suspension on deposits and withdrawals for new customers over KYC and suspicious-transaction reporting issues. Regulators…

   The Pi Network ecosystem is once again demonstrating significant progress. While the community initially focused on mining ac