Yoon Seok-yeol South Korean presidential candidate The People Power Party won the country’s national elections, beating former Gyeonggi Province governor Lee Jae-myeong. from the Democratic Party
During the campaign, Mr Yun pledged to lift the deregulation of the country’s crypto industry, as reported by. Yonhap News in January, announcing “we have to overhaul the far-fetched and unreasonable rules” during an event in Seoul.
“We have to switch to negative regulation to ensure that at least the digital asset market is not worried,” he said at the time.
Among the specific measures he proposed Another is the easing of tax requirements for crypto investment profits.
As noted by CoinDesk, South Korea’s presidential election marked crypto becoming the dominant policy topic, with both Yoon Seok-yeol and opponent Lee Jae-myeong launching campaigns involving NFT tokens. during the campaign
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