South Korea's presidential office is considering a fourth delay to the 22% cryptocurrency gains tax, originally set to take effect on January 1, 2027, potentially pushing it back to 2029. The tax plan imposes a 22% levy on crypto profits exceeding 2.5 million Korean Won (approximately $1,888) annually. Previously, the tax was postponed from 2022 to 2023, then to 2025, and finally set for 2027. This latest delay is primarily due to concerns from lawmakers and the crypto industry that the government cannot effectively monitor overseas cryptocurrency transactions, potentially disadvantaging Korean exchanges and their users. Democratic Party lawmaker Park Min-kyu has proposed a bill suggesting that the implementation of the crypto tax be linked to international information-sharing agreements under the OECD's Crypto-Asset Reporting Framework (CARF), which aims to track cross-border crypto transactions. The United States is expected to join this system in 2029.