Pro-Bitcoin And Crypto Politician Yoon Suk-yeol Elected To Be Next President ...
Yoon Suk-yeol won the closest South Korean election in history with promises to deregulate bitcoin and crypto while easing tax burdens.Conservative Party member Yoon Suk-Yeol wins the closest election in South Korean history. The People Power candidate is expected to deregulate bitcoin and other cryptocurrency markets to strengthen South Korea’s economy. South Korean proposed capital gains tax on cryptocurrency is expected to be raised from 2.5 million KRW to 52.4 million KRW.Yoon Suk-Yeol, the conservative People Power party candidate focused on deregulating bitcoin and other....
Related News
Conservative, crypto-friendly candidate Yoon Suk-yeol has claimed victory in the South Korean presidential election, with the token used to mint his signature as an NFT surging 60%. Conservative South Korean presidential candidate Yoon Suk-yeol has officially been elected as South Korea’s next president.The election was one of the closest in South Korean history, according to BBC coverage, which saw Yoon, representing the conservative People Power Party, claim victory over his more politically progressive opponent, Lee Jae-myung, by a margin of less than 1%. Cryptocurrency played a leading....
South Korea’s incumbent president Yoon Suk-yeol has decided to delay the crypto taxation by reportedly wanting to adopt a different regulatory framework. President-elect Yoon is quite firm on remaining crypto-friendly as he might lift the ban on Initial Coin Offering (ICO) that was imposed in 2017. This move is one of the many other important […]
An announcement by South Korea’s Ministry of Culture, Sports and Tourism appeared to fulfill incoming President Yoon Suk-yeol’s pledge to bolster the metaverse ecosystem after saying it will adopt a non-fungible token (NFT) copyright policy. Supporting the Metaverse Ecosystem The South Korean government appeared to fulfill president-elect Yoon Suk-yeol’s campaign pledge after the Ministry of Culture, Sports and Tourism announced on April 12 that it will adopt an NFT copyright policy. This copyright policy is expected to help South Korea deal with the scourge of fake....
South Korean voters have elected a crypto-friendly president. Yoon Suk-yeol of the conservative People Power Party has vowed to deregulate the crypto industry and introduce favorable tax laws for crypto investors. “To realize the unlimited potential of the virtual asset market, we must overhaul regulations that are far from reality and unreasonable,” he said.
South Korea’s President-Elect Vows to Deregulate Crypto Industry
South Korean voters elected Yoon Suk-yeol of the conservative People Power Party as their new president in the country’s most....
The leading presidential candidate of the opposition in South Korea has promised voters to ease the tax burden on crypto-related profits through exemptions. In a recent statement, Yoon Suk-yeol indicated that crypto investors will be treated like those who put money into stocks. Presidential Candidate Looks to Attract Young Voters With Crypto Tax Cuts Yoon Suk-yeol, the nominee of South Korea’s conservative People Power Party for the upcoming presidential elections in March, has announced his intention to back the raising of the threshold for the tax on gains from crypto....