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South Korea Elects Pro-Bitcoin President, Spot Crypto ETF on the Way?

  • Lee Jae-myung won South Korea's presidency on June 4, 2025, securing 49.42% of the vote against Kim Moon-soo in a high-turnout election held nationwide.
  • His victory comes after the dramatic removal of Yoon Suk Yeol, whose late-year martial law declaration and unpopular measures fueled high voter participation and calls for change.
  • Lee ran on a pro-cryptocurrency platform that proposes permitting South Korea’s $884 billion pension fund to allocate funds into digital assets, legalizing spot Bitcoin ETFs, and launching a stablecoin pegged to the Korean won.
  • He pledged a regulatory framework to encourage innovation, protect investors, and increase transparency, with a Digital Asset Committee under the president's office to fast-track crypto legislation and oversight.
  • Lee's election signals a shift toward embracing cryptocurrency in South Korea's financial system, potentially boosting domestic crypto investment and positioning the country as a leading digital finance hub.
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Among his proposals, the new South Korean president has in mind legalizing cryptocurrency ETFs and strengthening the use of digital won. *** Lee defeated his conservative opponent with about three million votes of advantage. He promised to legalize cryptocurrency ETFs and allow institutional investments. South Korea has tightened the regulation of the cryptic sector in the last two years. South Korea’s new president, Lee Jae-myung, was elected o…

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Cryptonews.com broke the news in on Wednesday, June 4, 2025.
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