South Korea has elected a president who is crypto-friendly president!

 

Breaking news: South Korea has elected a president who is crypto-friendly president!

Breaking news: Yoon Suk-yeol wins South Korea presidency

It's official: South Korea has elected a crypto-friendly president! Yoon Suk-yeol, the country's new leader,

Initial coin offerings (ICOs) should be resurrected, rules should be loosened, and investors' capital gains thresholds should be raised.

Former South Korean prosecutor and conservative party leader Yoon Suk-yeol became the country's new president Wednesday in an election that will have far-reaching consequences for the country's policies in the face of North Korea's nuclear weapons programme and China's ascent.

It was Yoon's role in helping to convict former president Park Geun-hye during her impeachment trial that made him notable as a political newcomer at the age of 61. He begins his five-year tenure as president in May, having won the country's closest presidential race ever by less than a one-percentage-point margin.

With Yoon's triumph, the conservative party has returned to power after five years under the Democratic government after a dramatic and contentious campaign against liberal Lee Jae-myung. Here's all you need to know about the country's newest leader in South Korea.