A petition for the abolition of South Korea's planned 22% cryptocurrency tax has surpassed 50,000 signatures.
It now heads to the National Assembly's Finance and Economic Planning Committee for review. Lodged on May 13, the petition crossed the threshold on May 21. It now holds 53,359 signatures.
South Korea delayed implementation of tax three times since its original date in 2022, This petition is part of the ongoing public pressure to scrap it entirely rather than just delay it again. Good time to hold BTC, as the price has dropped below $75,000 when I checked the chart on the BingX spot.
