On June 4, 2025, South Korea witnessed an important political transformation with the election of Lee Jae-myung as the new president of the country after winning 49.42% of the votes, succeeding former president Yoon Suk-yeol who was ousted from office earlier.
But what distinguishes this new president is not only his political background or his traditional economic program, but his bold vision strongly supporting the digital currency sector, at a time when some countries hesitate to take similar steps.
The main promises of Lee Jae-myung in the crypto field:
✅ Supporting the establishment of Bitcoin ETF funds, which are investment tools that allow institutions and individuals to invest in digital currencies legally and organized.
✅ Encouraging government institutions to purchase cryptocurrencies, which enhances market confidence and drives broader adoption.
✅ Issuing a stablecoin linked to the Korean won, to be an official financial tool facilitating digital transactions within the country.
✅ Preparing a comprehensive regulatory framework for the cryptocurrency market, contributing to investor protection and market regulation.
Interestingly, even the losing candidate in this election was also a supporter of the digital currency sector, reflecting a significant shift in the position of the Korean political elite towards this field.
And while the United States is taking hesitant steps towards legalizing digital currencies, it seems that South Korea is moving steadily towards comprehensive and organized adoption of this sector, under the leadership of a president who sees digital currencies not as a danger, but as an economic opportunity to be invested in.
🌟 The future of crypto in South Korea looks bright.. Will other countries follow suit?
👍 Like a beautiful person like you if you believe that digital currencies are the future.
