A national petition in South Korea calling for the government to scrap the country’s planned cryptocurrency tax reaches the 50,000-signature threshold, prompting a review. According to multiple reports, the petition asks authorities to reconsider a proposed 22% tax on cryptocurrency gains that is scheduled to take effect in 2027. The petitioner and critics argue that applying a comparatively high rate to crypto investment gains is unfair when other asset classes face significantly lower tax burdens or are exempt from similar treatment. The petition centers on the contrast between taxing cryptocurrency transactions and easing or eliminating taxes on traditional investments, framing the policy as imbalanced. After the petition passes the required number of signatures, South Korean officials are expected to review the proposal and consider whether changes are warranted. The reports do not indicate that the tax plan is halted immediately; rather, they describe the next step as a formal government review triggered by public support reaching the petition’s threshold.