According to CoinMeta, and as reported by U.Today, the South Korean government plans to postpone the implementation of the controversial crypto tax again, which may mean that the country's crypto investors will not have to pay taxes on their digital asset investments for the next two years. According to local media reports, the South Korean President's Office is inclined to delay the introduction of this tax. The crypto tax proposal, which was originally scheduled to take effect on January 1, 2027, would impose a 22% tax rate on crypto earnings exceeding 2.5 million Korean won (about $1,888) per year, including a 20% income tax and a 2% local tax. However, opposition from legislators and the crypto industry is growing, with them calling on the government to postpone the implementation of the crypto tax, arguing that the country is not yet ready to enforce it. The main concern is that the government will not be able to effectively monitor cryptocurrency transactions conducted on foreign exchanges. If taxes are imposed without an effective international reporting system, it will put South Korean crypto exchanges and their users at a disadvantage. The crypto tax was initially approved in South Korea in 2020 and was scheduled to take effect in January 2022, but since then it has been postponed three times: first from 2022 to 2023, then to 2025, and now it seems likely to be postponed again to 2029.