South Korea’s planned 22% tax on crypto gains above 2.5 million won remains under pressure after a public petition opposing the measure cleared the threshold for formal review. The latest report says the petition hit 50,000 signatures, while earlier coverage put the total above 52,000, indicating the threshold was met despite differing tallies. Petitioners argue the tax would unfairly burden virtual asset investors, especially after South Korea dropped plans in December 2024 to tax stock gains, and note the measure has already been postponed three times, with implementation delayed to January 2027. The case comes amid South Korea’s large and active crypto market, where retail trading plays a major role and policy shifts can carry broader market significance.