South Korea delays crypto tax to 2027: The South Korean government has decided to postpone the implementation of a 20% cryptocurrency tax until 2027 due to investor and political opposition. This delay reflects an increasing trend of re-evaluating cryptocurrency regulations in response to changing market conditions.

Bitcoin’s price reacts positively: Following the announcement of the tax delay, Bitcoin’s price ROSE to 97,450 USD. This highlights the significant impact of regulatory changes on the cryptocurrency market, as traders and investors respond to government actions and their potential implications on market dynamics.