The leading candidate for the South Korean presidential election promises to approve a Bitcoin ETF

2025-05-07 13:31:19

Collection

ChainCatcher news, according to the Korea Economic Daily (KED), South Korea's Democratic Party leader Lee Jae-myung has become the latest presidential candidate to pledge that if elected, he will approve spot cryptocurrency exchange-traded funds (ETFs) and other cryptocurrency-friendly measures. Lee Jae-myung announced his cryptocurrency commitment on May 6 as part of a broader initiative to provide more investment opportunities for South Korea's youth, who are one of the main target demographics in the upcoming June 3 elections.

KED quoted Lee Jae-myung saying in Korean: "I will create a safe investment environment that allows young people to [accumulate] assets and plan for the future." He also promised to legalize spot cryptocurrency ETFs, reduce trading fees, and implement more consumer protection measures.

(Source Link)

Related tags

Bitcoin ETF Lee Jae-myung

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.