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Rival South Korean parties are attracting voters with cryptocurrency legislative innovations.
Today, March 09, 2002, voting in the presidential elections is taking place in South Korea. An important role in attracting the attention of young voters, according to sociologists and observers, for the first time is played by the election promises of candidates on the development, legalization and improvement of the legislation of the cryptocurrency industry.
Democratic Party nominee Lee Jae-Myung vowed to provide the ability to use security tokens as a way to generate dividends from real estate transactions. Lee spoke of his administration’s plans to “issue tokenized securities to give people back the ill-earned profits from real estate speculation” and “enable citizens to invest in large-scale government development projects.”
In January of this year, Lee promised to set up an agency to monitor, manage and oversee digital assets, and to consider bringing back ICOs that were banned in South Korea in 2017.
Competitor People Power Party candidate Yoon Seok (Yul Yoon Seok-youl) has promised to raise the cryptocurrency capital gains tax threshold to a level equal to the stock tax from 2.5 million won ($2,024) to 52.4 million won ($42,450).
Yoon also promised voters to “take legal action to confiscate illicit crypto profits and return them to the victims of the scammers.”
Earlier, the ruling Democratic Party of Korea announced the issuance of an NFT with the image of its presidential candidate to fund his campaign. The fundraising plan involved accepting donations in cryptocurrency. In return, donors were promised to receive receipts in the form of NFTs with photos of the candidate or his campaign promises.
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