South Korea President’s front runner promise to approve Bitcoin ETFS

The leader of the Democratic Party of South Korea, Lee Jae-Miung, became the most recent presidential candidate, which promises the approval of the CRIPTO Exchanded Funds (ETFS) and other crypto-adjusted measures, if it is selected.

Lee was 6. Maja announced CRIPTO promises as part of the broader initiative to provide more investment opportunities for young people in Korea, one of the main target demographics for quick access to elections 3. June.

“I will create a secure investment environment so that young people can (build) property and plan for the future,” Korean economic diary (KED) quoted Lee Asoca in Korean.

He also promised legalization of the place of CRIPTO ETFS, lower transactions fees and more consumer protection measures.

Lee’s Democratic Party Korea is a favorite to win presidential elections with 42% support, toward In a survey conducted by Korea, a National Barometer Research between 24. and 30. April. Korean Acting President Han Duck-Soo, he came in seconds at 13%.

This is the first time Lee mentioned the crypto as part of his presidential campaign, Ked noticed.

The Democratic Party gave similar promises in its 2024. A general election campaign, including passing Spot Cripto ETF Legalization. However, progress paused, Ked said.

People in South Korea Power Party Switches creates similar promises

The ruling party of South Korea, The People Power Party, too allegedly She wareed the crypto policy of promise at the end of April, which included the enabling the CRIPTO ETFS point, dismantling Korean controversial one-mentioned governance and establishing a regulatory framework for Stablecoins.

The monopied rule in South Korea is a regulation that limits each crippto exchange for work with only one local bank. Intends to prevent money laundering and strengthen transparency by ensuring that the identities of the crypto investor can be verified when trade in crypt.

South Korean Industry officials assess that 16 million or 31% of the country’s 51.7 million countries have access to the crypto account.

Related: North Korean spy slices, reveals connections in a false interview for work

Kim Moon-Soo works as a candidate Narod Power Parties – a party previously led by Yoon Suk Yeol, who was tense after him Martial arts declared in December.

A controversial measure was launched a significant drop of Bitcoin (Btc), Ether (El) and other cryptocurries. However most coins recovered when Martial arts was erected about six hours later.

The Constitutional Court of Korea has confirmed the Imperium of Ion in a unanimous decision of 8-0, 4. April, effectively removing it from the function.

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