A petition in South Korea calling for the removal of a planned 22% crypto gains tax has surpassed 50,000 signatures, forcing lawmakers to review it in the National Assembly’s Finance and Economy Committee. The tax, set to begin in 2027, would apply to crypto profits above roughly $1,800. Supporters of the petition argue the policy could hurt trading activity and push investors away from local markets. The debate highlights growing tension between governments seeking tax revenue and crypto users demanding fairer treatment and stronger investor protections.
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