South Korea’s Ruling and Opposition Parties Make Crypto-Related Poll Promises Ahead of Elections
South Korea's ruling People Power Party and the opposition Democratic Party are making crypto-related promises ahead of the national elections on April 10. The People Power Party plans to allow spot bitcoin exchange-traded funds (ETFs), establish a 'digital asset promotion committee' for proposing laws and imposing sanctions, and prioritize regulatory framework over taxation, potentially delaying a crypto gains tax until 2027. The Democratic Party also plans to allow investors to purchase spot bitcoin ETFs and will announce a full proposal to institutionalize and vitalize the crypto sector. These moves indicate that crypto is becoming an election issue in South Korea, particularly among young people in their 20s and 30s who have shown significant interest in crypto trading.
