South Korea Reviews Crypto Tax Amid Growing Public Opposition

South Korea's government is facing increasing pressure from citizens and crypto investors to reconsider its proposed 22% cryptocurrency tax. A national petition opposing the policy has gathered over 50,000 signatures, triggering formal legislative consideration by the National Assembly.

The review process marks a significant moment in South Korea's ongoing debate over digital asset regulation and taxation. Critics of the tax proposal argue that it could discourage blockchain innovation and push trading activity towards offshore platforms.