Seem to be, kriptovalyuta has secured bipartisan support in South Korea‘s upcoming snap presidential election.
Both candidates, liberal opposition leader Lee Jae-myung and conservative Kim Moon-soo, have expressed friendly positions toward digital assets.
Lee Jae-myung of the Democratic Party proposed introducing stablecoin, pegged to the Korean won, in an effort to reduce dependence on foreign digital currencies.
In addition, Lee supports the legalization of spot cryptocurrencies ETF and advocates allowing large institutional investors such as the National Pension Fund to invest in cryptocurrencies within a regulatory framework.
I will create a safe investment environment for young people to build assets and plan for the future, Li said.
Kim Moon-soo of the People’s Power Party also supports the legalization of spot cryptocurrencies ETF and proposes allowing government bodies such as the National Pension Service to invest in virtual assets.
Kim’s campaign also suggests the need to lift restrictive regulations, including the «one exchange, one bank» rule that requires each cryptocurrency exchange to partner with one domestic bank to verify account authenticity.
