South Korea Elects Crypto-Friendly President Who Vows to Deregulate Digital A...
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....
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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 […]
The new president of South Korea Yoon Suk-yeol wants the country to lead the crypto market. Recently, he vowed to deregulate the virtual asset industry and expects to set a more amicable regulatory framework in order to promote local growth. “To realize the unlimited potential of the virtual asset market, we must overhaul regulations that are […]
In a move that will see South Korea become even more crypto-friendly, President Yoon has announced his intention to establish a new regulatory framework for the crypto industry by 2024. With this new legislation in place and increasing demand for cryptocurrency services across all areas of commerce, it seems likely they can pull off another […]
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....
Indonesia and South Korea are thinking about joining forces in an attempt to boost the FinTech industry to help the burgeoning sector in both countries, reports The Jakarta Post. Last month South Korea announced that it is going to introduce bitcoin regulations in 2017 as digital currencies continue to grow in the country. According to the report, bitcoin adoption has increased significantly in South Korea, amounting to 1.5 trillion won in transactions. It was recently reported that the South Korean government was pushing ahead with the system expansion of digital currency to promote the....