South Korea has proposed a bill to scrap the planned crypto…

South Korea has proposed a bill to scrap the planned crypto tax of up to 22% that was set to be introduced in 2027. If passed, the country would effectively maintain a 0% tax rate on crypto assets.
Compared to Japan, where crypto gains can be taxed at rates as high as 55%, it’s hard not to feel a bit envious. However, this also raises a more fundamental question.
Bitcoin—and crypto more broadly—was originally envisioned as “free money,” meaning money that does not depend on any state.
At the same time, we do belong to nations and benefit from the protection and infrastructure they provide. And we also understand that “free money” does not necessarily mean “tax-free money.”
So what should Bitcoin and crypto ultimately be?
Perhaps they are best understood not as something entirely inside or outside the state, but as existing along a spectrum—a gradient between the sovereign and the non-sovereign.
https://www.cryptotimes.io/2026/03/19/south-korea-moves-to-scrap-22-crypto-tax-ahead-of-2027-rollout/