[Blockchain Today Correspondent Han Ji-hye] Democratic Party presidential candidate Lee Jae-myung has come up with a plan to pay out profits from large-scale land development and real estate development as virtual assets to all citizens.
Candidate Lee at the meeting of ‘Youth, Talking about Virtual Assets’ held at the National Assembly Hall on the morning of the 11th said, “We need to study a way to completely return development profits to the public, but it is not easy to make them within the existing system.” We are discussing in-depth internally that trading this virtual asset will form a kind of virtual asset market.” In other words, it means that profits from large-scale land development and real estate development are formed as underlying assets and paid as virtual assets.
He continued, “The fact that banknotes are meaningless by themselves, but given credit and authority, has become a means of exchange for everyone to trust and transact with. there,” he explained.
Candidate Lee said, “There are millions of people who own and trade virtual assets, but the problem is that they are foreign virtual assets and coins.” is leaking,” he said.
In the related industry, there are concerns that domestic cryptocurrency-related companies will be imprisoned and investment will be directed abroad due to the recently implemented cryptocurrency regulation through the Special Act.
Candidate Lee said, “Virtual assets are also another new world like the metaverse. Historically, groups that denied the New World in the New World did not survive. Create virtual assets that are recognized around the world, lay the foundation for their circulation, and create a virtual asset market order. It is necessary to protect investors by normalizing them so that unfair, deceptive acts or illegal transactions do not occur,” he said.
Candidate Lee also suggested that the taxation of virtual asset income should be delayed by about one year to coincide with the tax on capital gains tax.
He also pointed out, “There is a need to seriously discuss the issue of the timing of taxation of virtual assets and the issue of the tax rate. In particular, there is an aspect of the tax system that is disadvantageous in the tax system because it is considered to be an abnormality that deviates from the norm and is doing something that should not be done.” .
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