South Korea’s Prospective New President Mulls ‘Giving a Crypto to all Citizens’
Crypto has become a key issue in the run-up to the South Korean presidential election – with shots firing in all directions as politicians hunt for votes.
As previously reported, the ruling Democratic Party nominee Lee Jae-myung has already pledged to unpick crypto tax law to delay the imposition of a controversial 20% levy on crypto trading profits from January 2022 to 2023 at the earliest. His main opponent from the People’s Power Party has also promised to delay the law.
But now Lee Jae-myung has ramped up the stakes – by suggesting that his party is “seriously considering the notion of” creating a cryptoasset and handing tokens out to the entire nation.
On November 11, Lee attended a “Youth Talk on Cryptoassets” event, where MBN quoted him
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