diff --git a/src/Libplanet.Action/GasTracer.cs b/src/Libplanet.Action/GasTracer.cs
index 364a7e26c2..a11ed2f6fc 100644
--- a/src/Libplanet.Action/GasTracer.cs
+++ b/src/Libplanet.Action/GasTracer.cs
@@ -77,7 +77,6 @@ internal static void Initialize(long gasLimit)
         internal static void Release()
         {
             IsTrace.Value = false;
-            IsTraceCancelled.Value = false;
         }
     }
 }
diff --git a/test/Libplanet.Tests/Action/ActionEvaluatorTest.GasTracer.cs b/test/Libplanet.Tests/Action/ActionEvaluatorTest.GasTracer.cs
new file mode 100644
index 0000000000..8e9f68403f
--- /dev/null
+++ b/test/Libplanet.Tests/Action/ActionEvaluatorTest.GasTracer.cs
@@ -0,0 +1,247 @@
+using System;
+using System.Collections.Generic;
+using System.Collections.Immutable;
+using Bencodex.Types;
+using Libplanet.Action;
+using Libplanet.Action.Loader;
+using Libplanet.Action.State;
+using Libplanet.Blockchain;
+using Libplanet.Blockchain.Policies;
+using Libplanet.Crypto;
+using Libplanet.Store;
+using Libplanet.Store.Trie;
+using Libplanet.Types.Assets;
+using Libplanet.Types.Blocks;
+using Libplanet.Types.Tx;
+using Xunit;
+using static Libplanet.Action.State.KeyConverters;
+using static Libplanet.Tests.TestUtils;
+
+namespace Libplanet.Tests.Action
+{
+    public partial class ActionEvaluatorTest
+    {
+        [Theory]
+        [InlineData(false, 1, 1)]
+        [InlineData(true, 1, 0)]
+        public void Evaluate_WithGasTracer(
+            bool cancelTrace, long goldAmount, long expectedGoldAmount)
+        {
+            var gold = Currency.Uncapped("FOO", 18, null);
+            var gas = Currency.Uncapped("GAS", 18, null);
+            var privateKey = new PrivateKey();
+            var policy = new BlockPolicy(
+                new PolicyActionsRegistry(
+                    beginBlockActions: ImmutableArray<IAction>.Empty,
+                    endBlockActions: ImmutableArray<IAction>.Empty,
+                    beginTxActions: ImmutableArray.Create<IAction>(
+                        new GasTraceAction() { CancelTrace = cancelTrace }),
+                    endTxActions: ImmutableArray<IAction>.Empty),
+                getMaxTransactionsBytes: _ => 50 * 1024);
+
+            var store = new MemoryStore();
+            var stateStore = new TrieStateStore(new MemoryKeyValueStore());
+            var chain = TestUtils.MakeBlockChain(
+                policy: policy,
+                store: store,
+                stateStore: stateStore,
+                actionLoader: new SingleActionLoader(typeof(UseGasAction)));
+            var action = new UseGasAction
+            {
+                GasUsage = 10,
+                MintValue = gold * goldAmount,
+                Receiver = privateKey.Address,
+                Memo = string.Empty,
+            };
+
+            var tx = Transaction.Create(
+                nonce: 0,
+                privateKey: privateKey,
+                genesisHash: chain.Genesis.Hash,
+                actions: new[] { action }.ToPlainValues(),
+                maxGasPrice: gas * 10,
+                gasLimit: 10);
+            var expectedGold = gold * expectedGoldAmount;
+
+            chain.StageTransaction(tx);
+            var miner = new PrivateKey();
+            Block block = chain.ProposeBlock(miner);
+            chain.Append(block, CreateBlockCommit(block));
+            var evaluations = chain.ActionEvaluator.Evaluate(
+                block, chain.GetNextStateRootHash((BlockHash)block.PreviousHash));
+
+            var actualGold = chain.GetNextWorldState().GetBalance(privateKey.Address, gold);
+
+            Assert.Equal(expectedGold, actualGold);
+        }
+
+        [Fact]
+        public void Evaluate_CancelTrace_BeginBlockAction_Throw()
+        {
+            var policy = new BlockPolicy(
+                new PolicyActionsRegistry(
+                    beginBlockActions: ImmutableArray.Create<IAction>(
+                        new GasTraceAction() { CancelTrace = true }),
+                    endBlockActions: ImmutableArray<IAction>.Empty,
+                    beginTxActions: ImmutableArray<IAction>.Empty,
+                    endTxActions: ImmutableArray<IAction>.Empty),
+                getMaxTransactionsBytes: _ => 50 * 1024);
+            var evaluations = Evaluate_CancelTrace(policy);
+            var exception = (UnexpectedlyTerminatedActionException)evaluations[0].Exception;
+
+            Assert.IsType<GasTraceAction>(exception.Action);
+            Assert.IsType<InvalidOperationException>(exception.InnerException);
+            Assert.Equal(
+                "CancelTrace can only be called in TxAction.", exception.InnerException.Message);
+        }
+
+        [Fact]
+        public void Evaluate_CancelTrace_EndBlockAction_Throw()
+        {
+            var policy = new BlockPolicy(
+                new PolicyActionsRegistry(
+                    beginBlockActions: ImmutableArray<IAction>.Empty,
+                    endBlockActions: ImmutableArray.Create<IAction>(
+                        new GasTraceAction() { CancelTrace = true }),
+                    beginTxActions: ImmutableArray<IAction>.Empty,
+                    endTxActions: ImmutableArray<IAction>.Empty),
+                getMaxTransactionsBytes: _ => 50 * 1024);
+            var evaluations = Evaluate_CancelTrace(policy);
+            var exception = (UnexpectedlyTerminatedActionException)evaluations[1].Exception;
+
+            Assert.IsType<GasTraceAction>(exception.Action);
+            Assert.IsType<InvalidOperationException>(exception.InnerException);
+            Assert.Equal(
+                "CancelTrace can only be called in TxAction.", exception.InnerException.Message);
+        }
+
+        [Fact]
+        public void Evaluate_CancelTrace_EndTxAction_Throw()
+        {
+            var policy = new BlockPolicy(
+                new PolicyActionsRegistry(
+                    beginBlockActions: ImmutableArray<IAction>.Empty,
+                    endBlockActions: ImmutableArray<IAction>.Empty,
+                    beginTxActions: ImmutableArray<IAction>.Empty,
+                    endTxActions: ImmutableArray.Create<IAction>(
+                        new GasTraceAction() { CancelTrace = true })),
+                getMaxTransactionsBytes: _ => 50 * 1024);
+            var evaluations = Evaluate_CancelTrace(policy);
+            var exception = (UnexpectedlyTerminatedActionException)evaluations[1].Exception;
+
+            Assert.IsType<GasTraceAction>(exception.Action);
+            Assert.IsType<InvalidOperationException>(exception.InnerException);
+            Assert.Equal(
+                "CancelTrace can only be called in TxAction.", exception.InnerException.Message);
+        }
+
+        [Fact]
+        public void Evaluate_CancelTrace_Action_Throw()
+        {
+            var policy = new BlockPolicy(
+                new PolicyActionsRegistry(
+                    beginBlockActions: ImmutableArray<IAction>.Empty,
+                    endBlockActions: ImmutableArray<IAction>.Empty,
+                    beginTxActions: ImmutableArray<IAction>.Empty,
+                    endTxActions: ImmutableArray<IAction>.Empty),
+                getMaxTransactionsBytes: _ => 50 * 1024);
+            var gold = Currency.Uncapped("FOO", 18, null);
+            var gas = Currency.Uncapped("GAS", 18, null);
+            var privateKey = new PrivateKey();
+
+            var store = new MemoryStore();
+            var stateStore = new TrieStateStore(new MemoryKeyValueStore());
+            var chain = TestUtils.MakeBlockChain(
+                policy: policy,
+                store: store,
+                stateStore: stateStore,
+                actionLoader: new SingleActionLoader(typeof(GasTraceAction)));
+            var action = new GasTraceAction
+            {
+                CancelTrace = true,
+            };
+
+            var tx = Transaction.Create(
+                nonce: 0,
+                privateKey: privateKey,
+                genesisHash: chain.Genesis.Hash,
+                actions: new[] { action }.ToPlainValues(),
+                maxGasPrice: gas * 10,
+                gasLimit: 10);
+
+            chain.StageTransaction(tx);
+            var miner = new PrivateKey();
+            Block block = chain.ProposeBlock(miner);
+            chain.Append(block, CreateBlockCommit(block));
+            var evaluations = chain.ActionEvaluator.Evaluate(
+                block, chain.GetNextStateRootHash((BlockHash)block.PreviousHash));
+            var exception = (UnexpectedlyTerminatedActionException)evaluations[0].Exception;
+
+            Assert.IsType<GasTraceAction>(exception.Action);
+            Assert.IsType<InvalidOperationException>(exception.InnerException);
+            Assert.Equal(
+                "CancelTrace can only be called in TxAction.", exception.InnerException.Message);
+        }
+
+        private IReadOnlyList<ICommittedActionEvaluation> Evaluate_CancelTrace(BlockPolicy policy)
+        {
+            var gold = Currency.Uncapped("FOO", 18, null);
+            var gas = Currency.Uncapped("GAS", 18, null);
+            var privateKey = new PrivateKey();
+
+            var store = new MemoryStore();
+            var stateStore = new TrieStateStore(new MemoryKeyValueStore());
+            var chain = TestUtils.MakeBlockChain(
+                policy: policy,
+                store: store,
+                stateStore: stateStore,
+                actionLoader: new SingleActionLoader(typeof(UseGasAction)));
+            var action = new UseGasAction
+            {
+                GasUsage = 10,
+                MintValue = gold * 10,
+                Receiver = privateKey.Address,
+                Memo = string.Empty,
+            };
+
+            var tx = Transaction.Create(
+                nonce: 0,
+                privateKey: privateKey,
+                genesisHash: chain.Genesis.Hash,
+                actions: new[] { action }.ToPlainValues(),
+                maxGasPrice: gas * 10,
+                gasLimit: 10);
+
+            chain.StageTransaction(tx);
+            var miner = new PrivateKey();
+            Block block = chain.ProposeBlock(miner);
+            chain.Append(block, CreateBlockCommit(block));
+            return chain.ActionEvaluator.Evaluate(
+                block, chain.GetNextStateRootHash((BlockHash)block.PreviousHash));
+        }
+
+        private sealed class GasTraceAction : IAction
+        {
+            public bool CancelTrace { get; set; }
+
+            public IValue PlainValue => new List(
+                (Bencodex.Types.Boolean)CancelTrace);
+
+            public void LoadPlainValue(IValue plainValue)
+            {
+                var list = (List)plainValue;
+                CancelTrace = (Bencodex.Types.Boolean)list[0];
+            }
+
+            public IWorld Execute(IActionContext context)
+            {
+                if (CancelTrace)
+                {
+                    GasTracer.CancelTrace();
+                }
+
+                return context.PreviousState;
+            }
+        }
+    }
+}