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Wells Fargo: Extremely bullish on the market outlook, predicting the S&P 500 will surge to 8600-8800 points by the end of 2027.1. The Zaporizhia nuclear power plant lost external power for the 20th time. 2. Zelenskyy threatened Belarus: withdraw border facilities within a week or we will take action ourselves. 3. Ukrainian President Zelenskyy warned that Russia is about to launch a large-scale attack on Ukraine. 4. According to RIA Novosti: Slovakia will meet most of its natural gas needs through supplies from Russia. 5. Ukrainian President Zelenskyy confirmed a drone attack on an oil refining facility in Russias Tumen region. 6. Deputy Chairman of the Russian Federation Security Council Medvedev: There are no longer any rules when dealing with Kyiv. 7. Local governor: Russian troops used glide bombs to attack Zaporizhia in southeastern Ukraine, killing 4 and injuring 6.June 21 (Observer) – British Prime Minister Keir Starmer is expected to resign and announce his departure timetable next Monday, but a government source says Starmer remains focused on his duties. Pressure on Starmers position has been mounting for months and intensified significantly on Friday after his political rival, Andy Burnham, won a seat in Parliament, enabling him to launch a formal leadership challenge. The Observer reports that Starmer is discussing the matter with his wife at his country residence, Chequers, and has not yet made a final decision, but several senior Labour Party members expect him to make a clear statement on his future as early as Monday. However, government sources emphasize that Starmer remains focused on fulfilling his duties as Prime Minister, citing his previous statements as evidence. More than 100 Labour MPs have publicly stated their desire for Starmer to resign or set a clear departure timetable, representing about a quarter of Labour MPs in the House of Commons.According to Reuters, British government sources say that Prime Minister Starmer is focused on fulfilling his duties.June 21st - According to the British newspaper *The Observer*, British Prime Minister Keir Starmer is preparing a timetable for his departure. This comes after Andy Burnham, who suffered a major defeat to the Reform Party in the Greater Manchester by-election and is scheduled to be sworn in as a Member of Parliament next Monday. His supporters claim that if Starmer does not resign, Burnham has secured the support of over 201 Labour MPs to challenge him for leadership. This number exceeds half of the Labour Party in Parliament, meaning Starmer can no longer demonstrate his confidence in the House of Commons to the King. It is reported that after several rounds of discussions with cabinet ministers, Downing Street advisors, union leaders, and party donors, Starmer has concluded that his position in power is no longer secure. Senior Labour figures believe that Starmer may issue a "clear statement" as early as Monday. A Labour MP close to Starmer said: “He has come to terms with reality. As he said, preventing ‘chaos’ is no longer possible by staying in office, so there is only one option left. I think he has seen it as a responsible choice for the country and the party.” Another senior Labour figure said that Starmer now appears to have “accepted” the reality of his resignation.

ICO Market Revival Imminent in Crypto South Korean

Jimmy Khan

May 09, 2022 09:57

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Initial coin offers (ICO) are once again making headlines in South Korea. Since 2017, South Korea has had an ICO prohibition in place.


The South Korean Presidential Election this year used digital assets. President-elect Yoon targeted young voters in March by minting NFTs on the AERGO blockchain for 50,000 Korean Won apiece.


The South Korean government is examining additional sectors of the digital asset industry to foster innovation after Yoon's election victory.

Government of South Korea Plans The 2017 ICO Ban Has Been Lifted

The Presidential Transition Committee of South Korea unveiled a new crypto framework last week. The Digital Asset Framework Act aims to increase investor confidence and development in the digital asset industry to encourage innovation and growth.


The government intends to introduce two types of ICOs, security and non-security, according to the article.


"ICOs need a reexamination according to the appropriate financial reporting rules," Do Gyu-sang, deputy head of South Korea's Financial Services Commission (FSC), said in the study.


"We cannot postpone the ICO any longer," Do allegedly remarked. The Capital Markets Act must incorporate the Initial Coin Offering (ICO). To do so, we'll have to go through several clauses again and consider how they relate to the (Virtual Industrial Rights Act) legislation or special law."


The announcement came as South Korea prepared to impose a 20% tax on crypto capital gains of more over 2.5 million won.


South Korea officially banned initial coin offerings (ICOs) in September 2017. (ICO). The prohibition was huge news at the time. Initial coin offers (ICOs) were the most common way for cryptocurrency firms to generate funding.


Cybercriminals ruined an efficient tool for genuine entrepreneurs to obtain funds during the ICO boom.


For entrepreneurs, ICOs were appealing because they eliminated the need for middlemen. Native coins might be purchased at a discount for investors.


The growth in scams was of more concern to the South Korean authorities and even the Chinese government, which imposed a ban before South Korea.


There has been talk about the crypto capital gains tax since Yoon's inauguration on Tuesday, May 10.


South Korea intends to postpone the implementation of a harsh cryptocurrency tax.


According to Reuters, South Korea's crypto tax will be delayed by one year, until January 2023. The National Assembly is said to have enacted a law deferring the capital gains tax on cryptocurrency trading for a year.


The South Korean administration is apparently intending to postpone the crypto tax even longer.

South Korea might become a hotspot for digital assets and innovation if the ICO market is reopened and the 20 percent crypto capital gains tax is removed. Other jurisdictions have enacted more restrictive policies, which may need to be revisited.


Cardano (ADA), EOS (EOS), Ethereum (ETH), and NEO are among the most successful ICOs in terms of Return on Investment (ROI) (NEO). In comparison to the current price of $2,669, the ICO price for ETH was $0.311.

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