South Korea’s ruling party has proposed delaying the introduction of cryptocurrency taxation from 2027 to 2029 to allow more time to establish market rules and prepare transaction-data systems and exchanges. The proposed tax would impose a 22% levy on income from virtual asset sales, with an annual deduction of 2.5 million won. The proposal has not yet received final approval but reflects continuing concerns about the country’s regulatory framework for digital assets. Market participants appear to view the delay positively, with the probability of Hyperliquid reaching $100 by December 31, 2026 rising to 45% from 27% a week earlier. South Korea’s final decision could influence market sentiment, while Hyperliquid’s competitive position and the broader regulatory landscape will remain important factors for its valuation.
Source: Read the original article
