Pro-Bitcoin And Crypto Politician Yoon Suk-yeol Elected To Be Next President Of South Korea Today

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  • Conservative Party member Yoon Suk-Yeol wins the closest election in South Korean history.
  • The People Power candidate is expected to deregulate bitcoin and other cryptocurrency markets to strengthen South Korea’s economy.
  • South Korean proposed capital gains tax on cryptocurrency is expected to be raised from 2.5 million KRW to 52.4 million KRW.

Yoon Suk-Yeol, the conservative People Power party candidate focused on deregulating bitcoin and other cryptocurrencies for the presidency of South Korea, has won the closest presidential election in South Korean history with less than a 1% differential between himself and Lee Jae-myung, the liberal candidate of the democratic party.

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