Written by Ezra Reguerrastaff writerReviewed by Yohan Yunstaff editor

Written by Ezra Reguerrastaff writer

Reviewed by Yohan Yunstaff editor

South Korea plans stablecoin rules as opposition pushes crypto tax repeal

Latest NewsPublishedJul 29, 2026

South Korea Takes Steps Towards Stablecoin Regulation and Crypto Tax Repeal

The South Korean government is planning to introduce new rules for stablecoins, which could have a significant impact on the country’s cryptocurrency market. The Financial Services Commission (FSC) is drafting a Digital Asset Basic Act that will cover stablecoin issuance and circulation, as well as rules for digital asset businesses and exchanges. This move is expected to provide a central framework for negotiations and help to clarify the country’s stance on crypto regulation.

The proposed bill is also expected to address key issues such as ownership limits for major crypto exchanges and whether won-denominated stablecoin issuers should be majority bank-owned. Meanwhile, opposition lawmakers are pushing to repeal a 22% crypto tax that is set to take effect in 2027. The tax would apply to income from transferring or lending crypto exceeding 2.5 million won (about $1,700) annually, and would consist of a 20% tax plus a 2% local income tax.

Opposition to Crypto Tax

The opposition argues that taxing crypto while exempting ordinary stock investors is unfair. A petition to repeal the tax has gained support from over 50,000 people and is expected to be reviewed by a subcommittee. The crypto community is watching these developments closely, as they could have a significant impact on the adoption of crypto and passive income opportunities in South Korea. Platforms like EcoPool offer a way for individuals to earn passive income through cloud rewards and green crypto initiatives.

Opposition crypto tax repeal bill heads for review

Impact on Earning and Passive Income

The introduction of new rules for stablecoins and the potential repeal of the crypto tax could have a significant impact on the earning potential of crypto investors in South Korea. With the help of platforms like EcoPool, individuals can earn passive income through cloud rewards and green crypto initiatives. The $ECP coin is also expected to play a key role in the country’s crypto market, offering a secure and reliable way to earn and invest in crypto.

To stay ahead of the curve and take advantage of passive income opportunities, individuals can download the EcoPool app and start earning today. With its user-friendly interface and secure crypto wallet, the EcoPool app is the perfect tool for anyone looking to get involved in the crypto market and start earning passive income. Download the EcoPool app now and start earning with $ECP and other green crypto initiatives.

Related: South Korea draft bill puts stablecoins, RWAs under finance laws: Report

From Jan. 1, 2027, income from transferring or lending crypto exceeding 2.5 million won (about $1,700) annually is set to face a 20% tax plus a 2% local income tax. 

The government and ruling Democratic Party support implementing the tax, while the opposition argues that taxing crypto while most ordinary stock investors remain exempt is unfair. On May 7, the Finance Ministry said the tax would proceed after repeated delays.

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• South Korea
• Asia
• Policy
• Law
• Stablecoin
• Regulation

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