25.01.2022, 09:32

Korean Presidential Candidate Manifesto Released as NFT

Manifestos of South Korea’s top presidential candidates have been released as non-fungible tokens (NFTs) – as March’s general election takes on the taste of money again. Crypto and Statistics Korea are making a crypto move.

Manifesto of the Korean Presidential Candidate Issued as NFT

Fn News reports that NFT contains videos and was created by YTN, one of the largest news networks in the country. The network has said his move is a national first. Alongside the two frontrunners — Lee Jae-myung of the ruling Democratic Party and Yoo Suk-yeol of the main opposition People’s Power Party — YTN has also created NFTs featuring manifesto videos by Ahn Chul-soo, a tech pundit and politician who is campaigning for the People’s Party and Sim Sang-jung from the Justice Party.

If there is no election miracle, Lee or Yoo will be elected in early March as South Korea is a de facto two-party country.

The tokens have been listed on the OpenSea platform, where they will be auctioned individually with a minimum bid of WETH 1 (Enveloped Ethereum). [WETH]). In addition to the artistic images of each candidate, they also presented a video clip of the candidates speaking on the campaign trail, taken from the YTN newsletter about the election. No bids have been made for any of the tokens as the auction ends on February 4th.

Statistics Korea requires households to report cryptocurrency holdings

Yonhap, YTN’s former parent company, reported that on March 31, Statistics Korea, an agency under the Ministry of Economy and Finance, will ask 20,000 households across the country to report how much cryptocurrency they own.

Statistics Korea conducts similar surveys every year, but has never asked households to report their crypto holdings. The agency hasn’t said exactly when it plans to release its findings.

The survey will also ask families to report on their usual financial holdings and other assets such as stocks, goods and real estate. The survey is conducted jointly with the Central Bank of Korea (BOK) and the Financial Supervisory Service, a major financial regulator.

The BOK has also reported that the first phase of testing the Central Bank Digital Currency (CBDC) has been successfully completed. EToday reports that BOK claims to have created, issued, and distributed a prototype coin in a simulated environment, adding that the pilot digital KRW is “operating normally” in its testing area.

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