South Korea proposes delaying 22% crypto gains tax to 2029

South Korea has announced a proposal to delay the implementation of its 22% cryptocurrency gains tax from 2027 to 2029, alongside allowing investors to carry forward losses for three years. The measure, which requires legislative approval, is aimed at income from selling or lending virtual assets such as Bitcoin and Ethereum . This represents a further deferral of the country’s crypto-tax regime, initially planned for 2022. Activity in the Hyperliquid price prediction markets suggests that this news could influence investor sentiment, potentially affecting the odds of reaching price targets.