PANews reported on March 19th that, according to CoinDesk , South Korea's opposition party has proposed a bill to completely abolish the cryptocurrency income tax system originally scheduled to be implemented in 2027. The bill states that the current plan is to levy a 22% tax rate on cryptocurrency investment gains, while exempting stock investment gains from income tax; this arrangement has been criticized as unfair to cryptocurrency investors. If the bill passes, South Korea's planned cryptocurrency tax will be cancelled.