South Korea’s government is moving to delay its planned cryptocurrency gains tax by two more years, pushing the levy’s start date to 2029—its fourth postponement of the measure. Finance Minister Lee Hyoung-il announced the proposal on Thursday, saying the ministry will consult lawmakers about shifting the current January 2027 implementation deadline. If approved, the tax would be applied on annual crypto gains above 2.5 million won (about $1,860), with a headline rate of 22% composed of a 20% income tax and a 2% local tax.