Ruling and opposition parties accelerate bills targeting coin investors... competing to "create measures"

Ruling party to hold government-private sector meeting on the 7th

Both ruling and opposition parties have recently been competing to develop policies targeting cryptocurrency investors. There are views that they are trying to capture the hearts of voters in their 20s and 30s, who are representative 'swing voters,' with the possibility of an early presidential election in mind.

Kim Sang-hoon, the People Power Party's policy committee chairman, said at an emergency committee meeting held at the National Assembly in Yeouido, Seoul on the morning of the 6th, "47.8% of virtual asset investors are in their 20s and 30s, making virtual assets an important means of wealth accumulation for the younger generation." He added, "The People Power Party will hold a government-private sector meeting tomorrow morning at the Financial Services Commission with the Financial Supervisory Service and major virtual asset exchanges to develop policy tasks."

The Democratic Party is also contemplating policies related to virtual assets. The Democratic Party's Governance Plan Headquarters will hold a discussion on the topic 'Who are Korea's digital asset investors?' at the National Assembly Members' Office Building in Yeouido, Seoul at 2 PM today. The meeting will discuss reorganizing the digital asset taxation system and enacting special laws for blockchain special zones.

In political circles, discussions about virtual assets are seen as potentially developing into pledges by presidential candidates if an early presidential election scenario unfolds. Previously, Democratic Party leader Lee Jae-myung, during his candidacy for the 20th presidential election, had promised to delay taxation on virtual assets such as Bitcoin for one year and significantly increase deduction amounts as part of his election pledges.

Reporter Lee Seul-gi surugi@hankyung.com