Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Investment Firm Predicts $400 Billion in Institutional Investment in Bitcoin by 2026

14/07/2025

Enzyme Partners with Compound DAO to Optimize Treasury Management through On-Chain Options

14/07/2025

Hyperliquid Trader Fumbles $26M ETH Short Profit, Faces $716K Loss After Doubling Down

14/07/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Investment Firm Predicts $400 Billion in Institutional Investment in Bitcoin by 2026

    14/07/2025

    Will Bulls Defend $108K or Is a Deeper Drop Ahead?

    14/07/2025

    Why People Are Turning to Gold and Bitcoin

    14/07/2025

    Can Bitcoin Sustain This Rally or Is a Pullback Ahead?

    14/07/2025

    Hyperliquid Trader Fumbles $26M ETH Short Profit, Faces $716K Loss After Doubling Down

    14/07/2025

    Next Stop $3,700? Ethereum Charts Show Bullish Setup Brewing

    14/07/2025

    Ethereum (ETH) Price Prediction for July 11

    14/07/2025

    Ethereum Price Breaks $2,700 for First Time in Weeks, Altcoin Rally Ahead?

    14/07/2025

    Virtuals Protocol Welcomes EVA, the Human-Like AI Agent

    14/07/2025

    Polygon Hits Uniswap Milestone with $100B Total Volume

    14/07/2025

    About to Sink! Here Are Their Positions

    14/07/2025

    Binance’s CZ Makes Crucial Warning As TON Golden Visa News Proves Fake

    14/07/2025

    CryptoPunks Dominate Top Weekly NFT Sales amid Overall Market Sales Volume Surges 34.19% to $133.66 Million

    14/07/2025

    Volume Plunges While Transactions Soar

    11/07/2025

    Snoop Dogg’s TON NFT Launch Could Signal New Narrative for NFT Market

    10/07/2025

    Snoop Dogg’s Telegram NFT Drop Sold Out in Half an Hour

    10/07/2025

    Investment Firm Predicts $400 Billion in Institutional Investment in Bitcoin by 2026

    14/07/2025

    Enzyme Partners with Compound DAO to Optimize Treasury Management through On-Chain Options

    14/07/2025

    Hyperliquid Trader Fumbles $26M ETH Short Profit, Faces $716K Loss After Doubling Down

    14/07/2025

    Coinbase is ‘destroying’ retail crypto: Framework Ventures cofounder

    14/07/2025
  • Blockchain

    Luffa and WebKey Launch Web3 Smart Terminal for Decentralized Access

    14/07/2025

    FMCPAY Partners with ZORO to Drive AI Innovation and Global Crypto Adoption

    14/07/2025

    KZOO Brings AIOT DePIN on BNB Chain, Boosting Scalability, Interoperability Capabilities

    14/07/2025

    Ripple CEO Breaks Silence on Company’s Academic Blockchain Vision

    14/07/2025

    Broken Bound and Conflux Network Forge Path for Regulated GameFi in Asia

    14/07/2025
  • DeFi

    Enzyme Partners with Compound DAO to Optimize Treasury Management through On-Chain Options

    14/07/2025

    Poolz Finance Launches Catex IDO to Power Liquidity on Unichain

    14/07/2025

    Project X Aims to Give DeFi a Shot of Dopamine—Like ‘Uniswap With Rizz’

    14/07/2025

    Aave’s $50 billion milestone challenges traditional banking giants

    14/07/2025

    Equilibria Introduces $USDS-$SPK Pool to Provide Stablecoin Farmers 13% APY

    14/07/2025
  • Metaverse

    Elon Musk’s xAI Quietly Fixed Grok by Deleting a Line of Code

    09/07/2025

    Bonk.fun Grabs 55% of Solana Token Issuance Share, Pushes BONK Demand

    08/07/2025

    Apple’s Top AI Exec Leaves For Meta Amid Aggressive Hiring Trend

    08/07/2025

    Automobili Lamborghini Unveils Digital Temerario and GT3 NFTs in Wilder World

    07/07/2025

    Microsoft’s AI Diagnoses Like House, Bills Like Costco

    02/07/2025
  • Regulation

    Coinbase is ‘destroying’ retail crypto: Framework Ventures cofounder

    14/07/2025

    Cathie Wood is Buying these 3 Stocks, Should You?

    14/07/2025

    Bittensor-Based Inference Labs Raises $6.3M to Build DeAI Security Infra

    14/07/2025

    Tether, Blackstone Vets Raising $1 Billion for Public Bitcoin, Ethereum and Solana Treasury

    14/07/2025

    Coinbase Comes Full Circle, Soars to Highest Price Since 2021 Nasdaq Debut

    14/07/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Kraken introduces local currency funding in Argentina (ARS) and Mexico (MXN)

    14/07/2025

    AEON Integrates KuCoin to Accelerate Online and Offline Crypto Payment Adoption

    14/07/2025

    Binance Introduces Sharia Earn as the First Halal Multi-Token Staking Product

    14/07/2025

    Bitcoin Exchange Upbit Announces Listing of This Altcoin! Price Makes a Sudden Jump! Here Are the Details

    14/07/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    ‘Off the Grid’ Token Hits Solana, More Games Shut Down

    14/07/2025

    Qitmeer Network Forges Partnership with Onmi to Bolster Web3 GameFi Space

    13/07/2025

    Why Are So Many Crypto Games Shutting Down? Experts Weigh In

    12/07/2025

    The Real Lifestyle and WILDGO Partner to Transform Tokenized Real Estate

    12/07/2025

    Russia and China lead the surge in Bitcoin’s hashrate 

    14/07/2025

    Q3 Bitcoin Mining Map Exposes Silent Surge in Russia, China, While US Dips Slightly

    13/07/2025

    Another BTC Mining Firm Moves Into Ethereum Reserve, Hailing ETH as ‘Digital Gold’

    13/07/2025

    CKpool rolls out low-latency pool after solo miner racks up 3.175 BTC reward

    13/07/2025

    Coinbase files a lawsuit against Oregon officials over abrupt shift in the state’s cryptocurrency policy

    14/07/2025

    Russian crypto criminal seeks U.S. President Trump’s pardon

    14/07/2025

    Ousted Movement Labs Co-Founder Sues Startup in Delaware Court

    14/07/2025

    Democrats call Republicans cowards, launch “Anti-Crypto Corruption Week”

    14/07/2025

    Investment Firm Predicts $400 Billion in Institutional Investment in Bitcoin by 2026

    14/07/2025

    Enzyme Partners with Compound DAO to Optimize Treasury Management through On-Chain Options

    14/07/2025

    Hyperliquid Trader Fumbles $26M ETH Short Profit, Faces $716K Loss After Doubling Down

    14/07/2025

    Coinbase is ‘destroying’ retail crypto: Framework Ventures cofounder

    14/07/2025
  • MarketCap
NBTC News
Home»Legal»South Korean Political Parties Present Policy Promises as Crypto Investors Emerge Key Voting Group
Legal

South Korean Political Parties Present Policy Promises as Crypto Investors Emerge Key Voting Group

NBTCBy NBTC22/03/2024No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


With only three weeks remaining until the general election, South Korea’s rival political parties are vying for support from crypto investors, who have emerged as a key voting group.

According to local media outlet JoongAng Daily, the parties recognize the significance of addressing cryptocurrency-related policies amid the surging popularity of this nascent industry. Notably, South Korea is also seeing a rise in numbers from crypto investor voting groups.

Bitcoin’s price surge has captured public attention, with the cryptocurrency trading at 92.1 million won ($68,654) on Upbit, the country’s largest cryptocurrency exchange.

Although the price has dipped from its recent peak of 105 million won, it still represents a substantial increase of over 60% compared to the beginning of the year.

Both Parties Present Crypto Policy

Both the conservative People Power Party (PPP), aligned with the Yoon Suk Yeol administration, and the rival Democratic Party (DP) have presented their policy proposals to institutionalize crypto-assets, albeit with differing approaches.

The PPP, in its policy pledges issued on Monday, vowed to extend the tax deferral on crypto-assets, which is set to expire in January 2022.

Originally, a 20% taxation rate on investment gains exceeding 2.5 million won was planned for implementation in January 2022 but has been delayed twice.

The PPP also plans to introduce additional legislation to enhance investor protection and establish a committee dedicated to monitoring the industry and safeguarding investors.

They also aim to establish standard rules for regulatory filings by crypto exchanges.

On the other hand, the liberal DP proposes a more progressive stance on cryptocurrencies.

In February, they announced their plan to approve the issuance, listing, and trading of cryptocurrency-backed ETFs. The DP also pledged to increase the deduction limit for capital gains from crypto-asset investments to 50 million won, up from the current 2.5 million won.

Furthermore, they pledged to ban crypto trading by lawmakers while parliament is in session, following the departure of Representative Kim Nam-kuk, who left the party amidst controversy surrounding his cryptocurrency transactions.

However, the finer details of these policies are yet to be refined.

President Yoon’s recent pledge to eliminate the planned capital gains tax on stock investment gains, scheduled to take effect in 2025, raises concerns about potential unfair treatment regarding taxes on gains from crypto-asset investments, possibly affecting voting descisions.

South Korea Could Allow Spot ETFs

Earlier this month, South Korea’s chief of the financial watchdog revealed that authorities are discussing the potential approval of spot Bitcoin exchange-traded funds (ETFs) in the country.

Lee Bok-hyun, governor of the Financial Supervisory Service, said in a recent radio interview that there are differing opinions among authorities.

While some, like himself, hold a positive stance on virtual assets, others are more cautious. Lee emphasized the need to consider all perspectives and engage in internal discussions.

“Among authorities, I am one of those who are positive about virtual assets, while there are others who are wary, and we need to hear their opinions as well. We are internally discussing it.”

As of now, spot Bitcoin ETFs are not available for South Korean crypto investors.

In January, the country’s financial authorities announced that they had no plans to regulate the sales of Bitcoin futures ETFs.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Coinbase files a lawsuit against Oregon officials over abrupt shift in the state’s cryptocurrency policy

14/07/2025

Russian crypto criminal seeks U.S. President Trump’s pardon

14/07/2025

Ousted Movement Labs Co-Founder Sues Startup in Delaware Court

14/07/2025

Democrats call Republicans cowards, launch “Anti-Crypto Corruption Week”

14/07/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Investment Firm Predicts $400 Billion in Institutional Investment in Bitcoin by 2026

14/07/2025

Enzyme Partners with Compound DAO to Optimize Treasury Management through On-Chain Options

14/07/2025

Hyperliquid Trader Fumbles $26M ETH Short Profit, Faces $716K Loss After Doubling Down

14/07/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.