Over 50,000 Signatures in South Korea Demand Abolition of Cryptocurrency Tax

Over 52,000 South Koreans have signed a petition demanding the repeal of income tax on cryptocurrencies, local media reported on May 22. According to financial industry insiders, the 'Petition for the Abolition of Cryptocurrency Taxation' posted on the National Assembly's online petition platform reached over 50,000 signatures just eight days after its launch on May 21, 2026, thus meeting the requirements for submission to the standing committee. Moving forward, the petition will be reviewed by the Ministry of Economy and Finance...