[US Election] How Trump’s victory could affect Korea’s crypto landscape
Former U.S. President and Republican presidential candidate Donald Trump speaks at the Bitcoin 2024 event in Nashville, Tenn., July 27. Reuters-Yonhap
By Lee Yeon-woo
The U.S. will ramp up crypto-friendly policies under Donald Trump, which may soon pressure Korea to accelerate its own regulatory reforms to remain competitive in the fast-evolving virtual asset space, according to market insiders, Wednesday.
“If Trump implements bold virtual asset policies while improving existing regulations, it is expected to accelerate regulatory reforms in Korea as well,” KP Jang, head of Xangle Research, said.
“Regulations such as Bitcoin ETFs and the use of corporate funds in virtual assets, which have been discussed but progressed slowly, may soon…
