#SouthKoreaCryptoPolicy

South Korea elects pro-cryptocurrency president

During the campaign, Lee Jae-myung made several promises to attract the more than 15 million South Korean investors in the sector. Among his main proposals are the legalization of spot cryptocurrency ETFs, allowing large funds, such as the National Pension Fund, to invest in digital assets.

In addition, Lee announced an incentive for the development of stablecoins backed by the South Korean won, reducing reliance on foreign currencies like USDT and USDC. He also advocates for the enhancement of sector regulation, ensuring safety for investors without stifling innovation.

These measures could position South Korea as one of the most advanced countries in terms of institutional adoption of cryptocurrencies, following the footsteps of the U.S., which under Trump's presidency is accelerating the cryptocurrency sector with initiatives such as the Strategic Bitcoin Reserve.