South Korea has proposed delaying the introduction of a 22% tax on gains from selling or lending virtual assets, including Bitcoin and Ethereum, from 2027 to 2029. The proposal would also allow investors to carry forward losses for three years. It requires legislative approval and represents another postponement of the country’s crypto-tax regime, which was initially scheduled to begin in 2022. Hyperliquid price prediction markets have reacted to the announcement, with a moderate increase in the odds of reaching certain price targets. The proposal’s progress and the responses of major exchanges and institutional investors will be closely watched for potential market effects.
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