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South Korean Petition Against 22% Crypto Tax Gains Momentum

A petition in South Korea advocating for the abolition of a proposed 22% tax on cryptocurrency investment gains has garnered over 50,000 signatures, prompting a move to committee review. According to NS3.Al, the tax was initially set to be implemented in January 2027. The petition's progress reflects growing public opposition to the tax, which many investors believe could hinder the growth of the cryptocurrency market in the country. The committee review will determine the next steps in addressing the concerns raised by the petitioners.