South Koreans have elected a pro-crypto president who vows to deregulate the crypto industry. cryptocurrency bitcoin $BTC
South Korea Elects Crypto-Friendly President Who Vows to Deregulate Digital Asset Industry
To realize the unlimited potential of the virtual asset market, we must overhaul regulations that are far from reality and unreasonable. The South Korean president-elect also pledged to ease the tax burden for crypto investors. He suggested raising the tax threshold for cryptocurrency investments from the existing 2.5 million won to 50 million won.
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