South Korea Crypto Tax Delay Petition Surpasses Halfway Mark

A petition calling for a two-year delay to South Korea's planned cryptocurrency taxation has gathered nearly 24,000 signatures, reaching 48% of the required threshold for parliamentary review.

The petition argues that taxing virtual assets now would reduce overall tax revenue and place an undue burden on retail investors, many of whom are currently facing losses.

South Korea's crypto tax was originally scheduled to take effect in January 2022 but has been postponed twice: first to 2023, then to 2025, due to market volatility and public opposition.