Virtual Asset Taxation Postponed Until 2029
The Blue House is on track to postpone crypto income tax (for the 4th time) that was set to take effect in January 2025. The decision considers insufficient preparation and youth sentiment; National Assembly passage still pending. Market reaction is positive, as traders can operate without tax concerns until 2029.
With tax burden delayed two years, expectation is for increased profit-taking incentives and positive sentiment around youth asset formation.