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S. Korea's Democratic Party Backs Support for Crypto, Metaverse
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blockchain.newsSong Young-gil, leader of the ruling Democratic Party, stated that the South Korean government should stop the crackdown on the crypto sector and start nurturing it instead.
The popular Democratic Party stated that «the time is ripe» to start «cultivating» the cryptocurrency industry. Policy support in South Korea has been observed to undoubtedly make cryptocurrency products more diversified and more convenient.
Song, a party favourite for next year's general elections, is believed to take a more friendly approach to crypto policy which could make it easier for crypto-related offerings to operate in South Korea.
He stated that he will consider giving away tokens to all South Korean citizens and at the same time will adopt a softer way to
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