Bitcoin friendly but anti-feminist: South Korea welcomes it new President
Being Bitcoin friendly is one thing but what more qualities should a leader possess? Well, that's a debatable issue that will certainly come in handy when it comes to the recent election of the new President of South Korea and the leader of South Korea’s People Power Party, Yoon Suk-yeol. The 61-year old Yoon secured 49% of the votes.
Yoon, a Bitcoin friendly President?
Yoon is a Bitcoin friendly President, as clear from his recent statement wherein he talked about crypto taxation and how he planned to reduce crypto-based taxes in the nation. As per the report from Fortune, "the threshold for paying capital gains tax on earnings from Bitcoin and other cryptocurrencies from $2,000 to $40,000—setting one of the world’s most generous tax-free allowances."The previous party in power had introduced some strong legislation in the nation, as noted by Cryptonary. These laws only allowed a few exchanges, including Bithumb, to continue their operations in the nation. Moreover, Yoon also suggested that he will bring up the 2017 ban on ICOs or Initial Coin Offerings in the nation and will reinstate the fundraising tactic. Back in the early days of Bitcoin and other cryptocurrencies, ICOs were considered to be a means of scam and were abolished by regulatory authorities like China and South Korea.
Moreover, Yoon had also released a new NFT collection on himself which was supposed to promote his candidacy. The NFTs were his images and videos.
An anti-feminist?
Apart from being a Bitcoin friendly President, Yoon is an anti-feminist and believes that feminism is responsible for the rupture between the two genders. He also plans to shut down the controversial and underperforming Ministry of Gender Equality and Family that was established in the 1990s. He plans to establish "a new ministry that can deal with issues like children, families and population decline [without] dividing men and women."Continue reading by joining Cryptonary Pro
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