Petition Against South Korea's 22% Crypto Tax Hits 50K Threshold
Cointelegraph
A South Korean petition against a proposed 22% crypto tax has reached 50,000 signatures, requiring a formal parliamentary review.Summary
A petition opposing South Korea's planned 22% tax on cryptocurrency investment gains has surpassed 50,000 signatures, triggering a review by the Finance and Economic Planning Committee. The tax, scheduled for January 2027, is criticized for creating financial burdens, hindering social mobility for young investors, and potentially driving capital and talent abroad. Critics argue that the tax policy, combined with stricter anti-money laundering regulations, has contributed to a significant decline in domestic trading volumes and market value.
(Source：Cointelegraph)