Crypto tax delays: South Korea and France postpone decisions
6.7 Regulation South Korea may delay crypto tax to 2029 over reporting gaps. France rejected crypto exit-tax proposals and postponed its 2027 budget vote, but stablecoin tax measures are still being debated.
South Korea's ruling Democratic Party is proposing a two-year delay in implementing cryptocurrency income taxation, potentially shifting the start date from January 2027 to January 2029. Lawmakers cite reporting gaps and regulatory uncertainty, especially concerning incomplete records from foreign exchanges and the complexities of capital gains calculations. The proposal still requires parliamentary approval, with party leadership expected to review it soon. Meanwhile, in France, the National Assembly has postponed the vote on the revenue section of the 2027 budget and rejected two proposals to extend exit taxes to cryptocurrency holdings for taxpayers moving abroad. Although the amendments to include crypto assets in the exit-tax base were opposed and defeated, a separate amendment on stablecoin taxation narrowly passed. The debate over crypto taxation continues, with other measures related to self-custody wallets and stablecoins still under discussion as the budget process moves forward.
