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South Korea Crypto Industry to Win No Matter Snap Election Outcome

  • South Korea conducted its presidential vote in early June 2025, with cryptocurrency policy playing a central role in the political discourse.
  • The upcoming election, set against the backdrop of the removal of former President Yoon Suk-yeol, features two leading candidates who have both vowed to relax cryptocurrency regulations and increase market opportunities.
  • More than one-third of South Koreans actively trade cryptocurrencies, with trading volumes sometimes exceeding those of the Kospi and Kosdaq stock markets combined.
  • Lee Jae-myung has advocated for the legalization of spot crypto ETFs and for South Korea’s National Pension Service, which manages assets worth $884 billion, to be permitted to allocate funds into digital currencies. Additionally, both presidential contenders have committed to legalizing crypto ETFs and supporting the development of stablecoins.
  • The election outcome is expected to maintain a supportive political climate for crypto innovation, fostering regulatory clarity and sustained market growth despite challenges like volatility and consumer protection.
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CryptoNewsZ broke the news in on Monday, June 2, 2025.
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