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Ruling South Korean Party Makes Pro-Crypto Policy U-Turn
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The head of the ruling Democratic Party in South Korea has promised to make a dramatic U-turn on crypto policy, claiming that “the time has come” for the government to stop regulating crypto and start “fostering” the industry.
As previously reported, the party is hoping to cling to power in next year’s general elections, and has been made painfully aware of the unpopularity of the current President Moon Jae-in regime’s hardline stance on regulation. The party’s nominee for the presidency, which will be contested on March 8, has already hinted he would consider giving tokens away to all South Korean citizens.
Yonhap quoted Song Young-gil, the Democratic Party’s chairman, as stating that the government “needs to establish a ‘blockchain
Read more on cryptonews.comAbout this in other media
South Korean lawmakers inch closer to deal to delay crypto tax by one year cointelegraph.com /2 years ago
South Korean legislators agree to delay taxation of cryptocurrency capital gains ambcrypto.com /2 years ago
South Korean Political Parties in ‘De Facto Agreement’ over Crypto Tax Delay cryptonews.com /2 years ago
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