50,000 Supporters: South Korea's Two-Year Virtual Asset Tax Delay Petition Reaches Parliamentary Review Threshold

Odaily: South Korea's National Assembly online petition system shows that a petition calling for a two-year delay in the implementation of the cryptocurrency tax has received 50,764 signatures, reaching the threshold for referral to the relevant standing committee for review. The South Korean government advocates full implementation of the tax starting January 2027, while the ruling People Power Party opposes it on the grounds that the relevant infrastructure is not yet fully in place.