South Korea May Ban Planned 22% Crypto Tax After Investor Backlash Grows

Story Highlights* South Korea may scrap its planned 22% crypto gains tax after growing public backlash.

  • Proposed tax would apply to annual crypto profits above 2.5 million won, roughly $1,650 threshold.
  • Public petition against the crypto tax crossed 50,000 signatures, forcing parliament to formally review proposal.
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