The South Korean Democratic Party wins the election and has promised to allow Bitcoin spot ETFs

ChainCatcher news, Bitcoin Archive posted on platform X that South Korea's ruling Democratic Party, which supports Bitcoin, has won the parliamentary elections and will form a government.

Previously, the Democratic Party had promised to lift restrictions on ETFs that directly hold tokens (including U.S. Bitcoin products). It is reported that over 6 million South Koreans (more than 10% of the population) own Bitcoin or cryptocurrencies.