Presidential Elections

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

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

Leave a Comment / Bitcoin News, Crypto Regulations, Presidential Elections, South Korea /

Lee Jae-myung took the South Korean presidential oath on Wednesday, after winning with 49.42% of the votes. The pro-crypto president made several vows, including the country’s economic renewal and recovery after the martial law crisis. Both leading presidential candidates, Lee Jae-myung (Democratic Party) and Kim Moon-soo (People’s Power Party), are in favor of pro-crypto regulations, […]

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Will Lee Jae-myung’s Won-Backed Stablecoin Stem Korea’s .8B Crypto Outflow?

Will Lee Jae-myung’s Won-Backed Stablecoin Stem Korea’s $40.8B Crypto Outflow?

Leave a Comment / Blockchain News, News, Presidential Elections, South Korea, Stablecoin /

South Korea’s opposition leader, Lee Jae-myung, proposed launching a won-backed stablecoin on May 20 to stem the 56.8 trillion won ($40.8 billion) crypto outflow and reduce dependence on foreign stablecoins like USDT and USDC. The Democratic Party presidential candidate’s broader digital asset strategy also includes legalizing spot crypto ETFs and allowing institutional crypto investments under

Will Lee Jae-myung’s Won-Backed Stablecoin Stem Korea’s $40.8B Crypto Outflow? Read More »

CryptoQuant: South Korea’s Three Presidential Front-Runners Embrace Crypto – Policy Shift Ahead?

CryptoQuant: South Korea’s Three Presidential Front-Runners Embrace Crypto – Policy Shift Ahead?

Leave a Comment / Blockchain News, Crypto Regulation News, cryptoquant, News, Presidential Elections, South Korea /

In a historic shift for South Korea’s political and financial scene, all three major presidential candidates in the upcoming June 3 election have declared support for Bitcoin exchange-traded funds (ETFs) and institutional investment in virtual assets, according to a report by Yonhap News Agency cited by CryptoQuant. All three major South Korean presidential candidates support

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