As the South Korean elections approach, cryptocurrency asset policy has become a focal point. Both major candidates have expressed support for the legalization of crypto assets, including the promotion of spot ETFs, allowing pension funds to enter the market, and issuing a Korean won stablecoin. If these measures are implemented, Korea could become a new model for global cryptocurrency regulation.

Currently, South Korea is one of the most active cryptocurrency markets in the world, with high participation from retail investors, but regulation is relatively cautious. If the new government promotes institutional funds to enter the market, it will greatly enhance market liquidity and may encourage more traditional financial institutions to venture into the cryptocurrency space. Additionally, the issuance of a Korean won stablecoin is expected to reduce the market's reliance on US dollar stablecoins, thereby enhancing domestic financial sovereignty.

Globally, cryptocurrency regulation is still in the exploratory stage. The United States has approved a Bitcoin spot ETF, but there is still uncertainty in policy; the European Union has implemented the MiCA framework, but the execution details remain to be observed. If South Korea can find a balance between protecting investors and promoting innovation, its policies may serve as a reference for other countries.