#Write2Earn 🇰🇷🇰🇷🇰🇷🇰🇷🇰🇷🇰🇷🇰🇷🇰🇷🇰🇷🔔🔔🇰🇷🇰🇷Elections tomorrow in South Korea.

The elected winner will be awarded a prize in crypto.

The only thing the 2 rivals agree on is to legalize crypto to be able to use it like liquid currencies. This means that the golden age of crypto is slowly fading away, with regulations coming in, check my previous post. I leave you to read.

South Korea Crypto Adoption Will Fuel Crypto Wallets: Will Best Wallet be Next to 10x? The presidential election in South Korea is shaping up to be bullish for crypto, with both leading candidates waving the pro-crypto flag. This is good news for cryptocurrencies and crypto wallets alike.

It’s been six months of political turmoil since South Korea’s parliament voted to impeach former President Yoon Suk Yeol following his attempt to impose martial law in December last year. Just two weeks later, Yoon’s replacement – acting-President Han Duck-soo – was also impeached.

Tomorrow, however, voters will head to the polls to decide whether frontrunner Lee Jae-myung (Democratic Party) or his main rival Kim Moon-soo (People Power Party) will be the next president of South Korea. Regardless of who’s voted into power, crypto wins.

Rival Leaders Agree on One Thing

Both Lee and Kim have pledged to expand the nation’s digital assets market and bridge the divide between crypto and traditional finance. This includes legalizing and promoting spot crypto ETFs to enable Bitcoin and other digital assets to be listed on South Korea’s stock market. Both also support the idea of a Korean won-backed stablecoin and easing regulations to curb reliance on foreign currencies and stabilize the financial system.

Lee, meanwhile, is pushing for South Korea’s $884B national pension fund to be free to allocate part of its portfolio to crypto assets.

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