South Korea Petition Over Crypto Tax Delay Tops 50,000 Signatures

A South Korean national petition calling for a delay to virtual asset taxation has surpassed the 50,000-signature threshold required for parliamentary review. According to ChainCatcher, the petition will now be submitted to the relevant standing committee for formal deliberation and debate under South Korea’s legislative process. The petition asks lawmakers to postpone the planned start of crypto taxation from January 2027 to 2029, arguing that tax-tracking infrastructure, cost-basis standards, and cross-platform data integration remain incomplete. Supporters said launching the tax in 2027 could increase filing burdens for retail investors and raise the risk of calculation errors, potentially driving capital outflows and weakening domestic liquidity. The petition’s success also highlights the political balance facing South Korean lawmakers, who must weigh tax revenue needs against the concerns of a large base of active crypto investors. If parliament approves the delay, it would mark another major concession in South Korea’s rollout of crypto tax policy.