South Korea’s incoming president aims to turn the country into crypto hub

Yoon Suk-yeol – South Korea’s new president – promised he will allow initial coin offerings (ICOs) and impose friendly crypto taxation rules.

South Korea’s newly elected president – Yoon Suk-yeol – displayed a pro-crypto stance during his campaign. The president promised he will allow initial coin offerings (ICOs), impose friendly crypto taxation rules and increase the minimum threshold for paying capital gains tax on profits from digital asset investments.