#SouthKoreaCryptoPolicy South Korea’s New President Backs Crypto ... But Shadows of Scandal Remain
🧑🏭 From Factory Floors to Presidential Power
Lee Jae-myung’s journey is nothing short of cinematic 🎬. Once a child laborer in post-war South Korea, he’s now the president of one of the world’s largest crypto economies 🌍💱. With deep roots in the working class and a reformist reputation, Lee’s presidency is already making waves in the digital asset space.
💼 Crypto Promises: Big Moves Ahead
Though crypto wasn’t name-dropped in his inauguration speech on June 4 🗓️, Lee’s campaign was full of bold digital asset proposals:
🔹 Accelerating crypto regulation under the Digital Asset Committee
🔹 Supporting spot crypto ETFs 📊
🔹 Proposing a won-based stablecoin 💵
🔹 Opening doors for National Pension Service to invest in crypto 🏦
🔹 Easing the “one exchange, one bank” rule to break monopolies 🔓