South Korea crypto industry to win no matter snap election outcome
South Korea’s crypto scene will gain either way in the country’s presidential elections, as both candidates have run on pro-crypto platforms, pledged to ease regulations and expand crypto access.
South Koreans will head to the polls on June 3 to elect a new president in a snap election to replace Yoon Suk-yeol, who was impeached and removed from office over his attempt to declare martial law in December.
Currently leading the polls is Lee Jae-myung of the center-left Democratic Party, who is up against staunch conservative and People Power Party nominee Kim Moon-soo.
Lee has proposed legalizing spot crypto exchange-traded funds and wants to allow South Korea’s $884 billion national pension fund to invest in cryptocurrency.
He has also…
