South Korean presidential candidates compete on promises for crypto investors – Bits Media

Rival South Korean parties attract votes with cryptocurrency legislative innovations.

Today, 09 Martha 2002 of the year, Voting takes place in the presidential election in South Korea. Important role in attracting the attention of young voters, sociologists and observers note, candidates' pre-election promises on development are playing out for the first time, legalization and improvement of legislation in the cryptocurrency industry.

Democratic Party candidate Lee Jae-myung (Lee Jae-Myung) promised to provide the opportunity to use security tokens as a way to receive dividends from real estate transactions. Lee spoke about his administration's plans to "issue tokenized securities, to return ill-gotten profits from real estate speculation to the people" and "to enable citizens to invest in large-scale government development projects".

In January this year, Lee promised to create a Monitoring Agency, management and supervision of digital assets, and also consider the possibility of returning ICO, which were banned in South Korea in 2017 year.

Competitor, People Power Party candidate Yoon Seok (Ёл Yoon Seok-youl) promised, in case of victory in the elections, raise the capital gains tax threshold in cryptocurrency to, equal to the tax on shares, from 2.5 Milln ($ 2 024) to 52.4 Milln ($ 42 450).

Yun also promised voters to “take legal action to confiscate crypto profits, obtained illegally, and return it to the victims of scammers".

Earlier, the ruling Democratic Party of Korea announced the release of NFTs depicting its presidential candidate to finance his election campaign.. The fundraising plan involved accepting donations in cryptocurrency. In return, donors were promised receipts in the form of NFTs with photographs of the candidate or his election promises.