Both Major Candidates in South Korean Presidential Election Support Spot Crypto ETF, Forming Bipartisan Consensus
According to ChainCatcher, The Block reports that South Korean right-wing party presidential candidate Kim Moon-soo officially announced on Monday his support for adopting a spot cryptocurrency ETF in South Korea as part of his campaign promise.
Previously, left-wing Democratic Party candidate Lee Jae-myung also pledged to introduce a spot crypto ETF. The candidates from the two major parties have reached a bipartisan consensus aimed at promoting middle-class wealth accumulation and providing more opportunities for the younger generation. The chairman of the Korean Financial Services Commission stated that they will discuss implementation plans with the new government. The success of the U.S. spot crypto ETF (with net inflows exceeding $43 billion) has been a key factor in prompting South Korea to reconsider such products. The South Korean presidential election is scheduled for June 3, 2025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Crédit Agricole: The end of the U.S. government shutdown may halt the dollar's upward momentum
Data: UBS predicts the S&P 500 index will reach a target level of 7,500 points by the end of 2026.
Hong Kong launches the third batch of multi-currency digital green bonds using HSBC's distributed ledger platform
