South Korean crypto investors protest 2027 tax, demand two-year delay
- —South Korea's crypto tax is scheduled to take effect on Jan. 1, 2027
- —Planned rate is 22% after a 2.5 million won annual deduction, with no loss carryforward
- —Activist Cho Sang-hyuk leads truck and solo protests near parliament, backed by 512 sponsors
- —Demands include a 50 million won deduction and clear rules for DeFi income and gas costs
Why it matters: A delay or softening of the tax could sustain trading volumes on Korean exchanges and keep foreign projects engaged with the market.
Source: Blockmedia
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