The South Korean encryption scene will be acquired in any of the two directions in the presidential elections in the country, as both candidates pass on pro -captain platforms, pledged to alleviate the regulations and expand access to encryption.
The Southern Koreans will go to opinion polls on June 3 to elect a new president in early elections to replace Yun Suk Yol, who was isolated and removed from his position because of his attempt to declare martial law in December.
Li Jae Mong Party of the Seventh Democratic Party, who opposes the Conservative Party Candidate and employees Kim Moon Soo opposes.
Lee has proposed the legalization of the funds circulating in the exchange of encryption, and she wants to allow the 884 billion dollar national pension fund to South Korea to invest in encrypted currency.
He also called for a broader version of Stablecoin with the support of South Korea to win as part of the country’s financial system update and capital flows.
“We need to create a stablecoin market supported to prevent national wealth from leaking abroad,” He said During the discussion of politics in May. “I will create a safe investment environment so that young people can build assets and plan for the future.”
LEE also aims to reduce strict banking bases that require encryption exchange for partnership with banks licensed to provide FIAT services.
KIM also supports the codification of the investment funds circulating in Spot Crypto and the support of the Lee proposal, indicating a rare alignment of both parties. He also pledged to reduce the regulations and expand the dependence of encryption.
Simon Sijon Kim, CEO of the Investment Capital in Seoul, Humaid Fitshers, He said Bloomberg said that with the presence of all the main candidates who support the policies supporting the rent, “the country’s encryption investors face a clear victory regardless of the election results.”
A poll in Gallup Korea on May 28 showed that 49 % of the respondents preferred me, while 36 % said they would vote for Kim.
Pleasing the clear regulations
The clear organization of the highly retail encoding shall stems. The most stringent regulations were implemented in July 2024 to impose strict requirements on stock exchanges, including lifelong provisions for criminal violations.
Related to: The veteran capital in Crypto is the South Korean elections
On May 20, the country’s financial services committee has set up overnight new measures, as it provided new guidelines for non -profit encryption sales and the most striking inclusion criteria for exchanges.
The South Korean Democratic Party also launched a digital assets committee that focuses on developing cryptocurrencies and enhancing industry growth in May.
South Korea has one of the most active encryption markets in the world, with more than 18 million people, or more than a third of the population, participating in encryption, Bloomberg said. Daily trading volumes on encoding sometimes exceed the country’s main stock indicators, and user numbers recently exceeded 16 million.
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