South Korean Petition to Delay Crypto Tax Hits 32,000 Signatures

A parliamentary petition in South Korea calling for a two-year delay on crypto taxation has surpassed 32,000 signatures. To trigger a formal review by the standing committee, 50,000 signatures are required by September 20. Proponents argue that taxing digital assets will reduce exchange revenue and corporate tax income. While the government plans to implement the tax in January 2027, the People Power Party opposes the move, citing inadequate infrastructure.