The petition to cancel cryptocurrency taxes in South Korea has received support from 50,000 people and has been included in the National Assembly's discussion agenda

According to the South Korean media outlet "Seoul Economy," a nationwide petition calling for the cancellation of cryptocurrency taxes has been included in the agenda for discussion in the National Assembly. The "Petition to Cancel Virtual Asset Tax," published on the National Assembly's electronic petition platform, garnered support from over 50,000 people in just eight days, meeting the criteria for submission to the permanent committee for review. The petition will be handed over to the Finance and Economy Committee, which oversees the Ministry of Economy and Finance and the National Tax Service, for examination, after which it will be decided whether to submit it for consideration by the plenary session. Petitioners argue that "since the financial investment income tax on stocks has been abolished and tax reduction policies have been implemented, it is unreasonable to impose a separate tax solely on virtual currencies," adding that "the current system needs a comprehensive review, not just simple supplementation."