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South Korea's National Assembly to Review Crypto Tax After Petition Hits 53K Signatures

GateNews

Regulation & Policy

2026-05-22 17:12:32

South Korea's National Assembly is preparing to review the country's planned cryptocurrency tax after a public petition accumulated over 53,000 signatures, automatically qualifying it for formal committee consideration. The petition challenges a proposed 22% levy on digital asset income above 2.5 million won ($1,650), arguing that crypto investors face less favorable tax treatment compared with conventional financial market participants. The government still intends to enforce the tax from January 2027, despite the petition and years of industry opposition. The policy has already been postponed three times since its original 2022 target date.

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GateUser-c953e466

· 2h ago

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