More than 52,000 people backed the petition by May 21, 2026, triggering committee review, while opposition parties also introduced a bill to scrap the proposed 22% crypto income tax.
South Korea’s National Assembly is set to review a petition calling for the repeal of crypto taxation after it gathered more than 52,000 signatures, surpassing the 50,000-signature threshold on May 21, 2026, eight days after launch. The petition will be examined by the Strategy and Finance Committee, the National Assembly panel responsible for tax and budget matters. The issue has also advanced on a parallel legislative track, with opposition parties submitting a bill to abolish the proposed 22% tax on crypto income. Together, the petition and bill push crypto taxation further into South Korea’s formal legislative process.