SEOUL, Jan. 19 (Yonhap) — Primary opposition presidential candidate Yoon Suk-yeol pledged Wednesday to ease the tax burden on income from cryptocurrency investments by elevating the edge from the present 2.5 million gained (US$2,097) to 50 million gained.
Yoon of the conservative Folks Energy Celebration introduced the pledge on the celebration’s headquarters, saying he’ll increase the underside restrict to the identical stage as shares and provides tax exemptions for returns of as much as 50 million gained.
The candidate additionally mentioned he’ll introduce a digital asset legislation geared toward defending traders and confiscating your entire quantity of income obtained unfairly via manipulation.
Yoon promised to ascertain a brand new authorities company to supervise new areas of the digital trade, comparable to cryptocurrency and non-fungible tokens, and likewise permit native preliminary coin choices (ICOs).
“I’ll foster a digital asset funding setting much like the inventory market to make sure younger folks can enter new markets with out concern,” he mentioned.
