According to recent reports from the local media, the People Power Party (PPP), which is presently in power in South Korea, is putting a lot of focus on how cryptocurrency-friendly they are in an effort to win over young voters.
As part of their commitments for their much anticipated general elections in April, the party is reportedly presently investigating new avenues for enabling spot bitcoin exchange-traded funds (ETF).
Additionally, they talk about allowing institutional involvement in cryptocurrencycurrency, starting with investment firms and moving on to banks and insurance providers. Additionally, the party will begin lifting the prohibition on IEOs gradually once in power, which will cause the price of cryptocurrencycurrencies to soar.
Alongside these bold plans is the creation of the “Digital Asset Promotion Committee,” which would lead the charge on all laws and rules pertaining to digital technology in South Korea.
According to a different story, the PPP also decided to delay the taxes of cryptocurrencycurrency gains from 2025 to 2027, which may be even more appealing to younger investors.
Given that more than 80% of South Korean cryptocurrencycurrency owners are in their 20s and 30s, the PPP’s approach is evident: it uses policies that are conducive to cryptocurrencycurrency to enable this digital generation to participate in the community.
More From Crypto SA
