South Korea’s Election Focuses on Crypto Policy

South Korean presidential candidates are making crypto regulation a central theme in their campaign strategies. Democratic Party candidate Lee Myung has pledged to amend existing laws to enable the launch of spot cryptocurrency ETFs, potentially ushering in a new era for crypto investing within South Korea. This move aligns with his broader vision to establish a stablecoin backed by the Korean Won, a key initiative aimed at fostering blockchain adoption and stability in financial markets. With elections on June 3rd approaching, this policy shift is set to play a significant role in shaping the country’s future digital landscape.