Crypto Policy Is on the Agenda in Seoul as South Koreans Head to the Polls

Koreans are voting contiguous successful a statesmanlike predetermination that pollsters and observers accidental is the closest successful the country's antiauthoritarian history, with a record-high turnout.

• During the campaign, some large parties announced crypto argumentation successful a bid to get young voters retired to the polls.

• The Democratic Party’s Lee Jae-myung pledged to usage Security Token Offerings arsenic a mode to make a dividend from existent property speculation distributed to the public.

• In his authoritative booklet of run pledges, Lee promised to "issue tokenized securities to springiness ill-earned profits from existent property speculation backmost to the people" and "give citizens the accidental to put successful large-scale authorities improvement projects."

• Lee vowed successful January to found a "digital plus absorption and supervision agency," but this has since been toned down to "a monitoring agency” of sorts.

• Lee has besides said helium would see bringing backmost ICOs, which were banned successful South Korea successful 2017.

• People Power Party campaigner Yoon Seok-youl pledged to rise the threshold for a crypto superior gains taxation to beryllium the aforesaid arsenic equities, KRW 52.4 cardinal oregon $42,450.

• Currently a 20% taxation connected crypto gains made successful a 1 twelvemonth play kicks successful astatine a threshold of KRW 2.5 cardinal ($2,024).

• Yoon has besides promised to "take ineligible measures to confiscate crypto profits gained done illegitimate means and instrumentality them to the victims."

• The Korea Herald reported that elector turnout had already passed 60% by 1 p.m section time, which includes 2 days of aboriginal voting.

• This is higher than the 55.5% turnout during the past predetermination successful 2017.