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Lee Jae-Myung, South Korea’s Presidential Candidate, Says “Yes” to Crypto Donations

One of South Korea’s presidential contenders, Lee Jae-Myung, has stated that his campaign will accept crypto assets as donations for the first time in the country’s political history.
As the cryptocurrency fever continues to envelop its residents, it appears that the people of South Korea remain unwavering in their support for it.

Lee Jae-Myung, a presidential candidate for the Democratic Party of Korea. Also, his campaign headquarters recently stated that their campaign will accept cryptocurrency payments. This decision has been welcomed by the crypto community as a game-changer because it has improved the popularity of politicians.

Donations are through certain crypto assets, according to accessible information. Then, and contributors will receive an NFT for each crypto asset donation.

The politician’s picture would appear alongside his campaign promises on these NFTs.
Also, the crypto donations will be in translation into fiat dollars. Then, deposit into the official contribution account utilizing a secret crypto exchange.

The campaign committee’s Lee Kwang-Jae reaffirms that “the donations will be in management in conformance with the Public Official Election Act”

“and the Guidelines on Management of Political Funds,”

…on about the reliability of collecting and processing bitcoin donations.

Lee’s crypto campaign donations, which she linked to the Democratic Party’s crypto-friendly policies. All were also in the discussion by Park Young-Sun of the Democratic Party.

Also, She will meet with gaming sharks next week as the party’s digital policy leader. In order, to discuss the convergence of NFT and the gaming sector in South Korea.

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.