Cryptocurrency Move From South Korea’s Strong Presidential Candidate

In the presidential campaign of South Korean politician Lee Jae-myung, who was the official candidate of the Liberal Democrat party in October, bitcoin and Ethereum, as well as three other cryptocurrencies that have not been selected yet.

Lee’s crypto-savvy backers will be able to start contributing to the campaign this month. According to the sages, all donated cryptocurrencies will be cashed out with the help of a local exchange.

The politician’s fundraising scheme as cryptocurrency, which caught the attention of the crypto community, also included immutable tokens (NFT) are also included. Donors to Lee’s campaign will receive an NFT receipt that includes a photo of the candidate alongside campaign promises. The development in question makes the politician the first presidential candidate in history to publish an NFT.

This cryptocurrency move is part of Lee’s effort to impress young voters. According to a survey published in November, 40.5% of respondents aged 20 to 40 cryptocurrency He said they are investing in their units.

Lee said last month, while giving a lecture at Seoul National University, that he wants South Korea to lead the global cryptocurrency scene, calling crypto an “undeniable fact.” Moreover, the presidential candidate said he supports postponing the taxation of cryptocurrencies to next year.

The primary election poll released on January 1st shows that Lee is ahead of People Power Party candidate Yoon Suk-yeol by 4.6%. The election is scheduled for March 9, 2022.

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