Crypto tax levy proposed to be delayed to 2029, South Korea's ruling party to meet with five major exchanges on Friday

South Korea's ruling Democratic Party will meet with representatives from Upbit, Bithumb, Coinone, Korbit, and Gopax on Friday to discuss whether to postpone the crypto tax that was originally scheduled to take effect in January 2027. The party has proposed a bill to delay implementation until 2029, citing insufficient infrastructure and difficulties in obtaining transaction data.