South Korea’s new pro-crypto president gets pushback

One of the pledges Yoon Suk-yeol made to his electors was to implement a set of crypto-friendly policies in South Korea. Yoon, who won in March and came into the office this month, said he would raise the threshold for crypto investment gains to 50 million won or around $38,922. But he’s getting some resistance.
The National Assembly Research Service (NARS) of South Korea, which provides information and analysis on legislative and policy issues to lawmakers, classifies crypto as a virtual asset. It says the tax threshold for income generated from virtual assets should be 2.5 million won

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