South Korea’s People Power Party Proposes Major Crypto Deregulation

South Korea’s People Power Party, led by presidential candidate Hong Joon-pyo, has proposed a sweeping deregulation of cryptocurrencies to foster innovation and stimulate growth within the nation. This proposal aligns with recent U.S. policy changes and seeks to enhance institutional adoption of Bitcoin and Ethereum. The initiative aims to mirror the deregulatory strategies employed in the United States, prioritizing digital growth.