According to reports, South Korean Democratic Party leader Lee Jae-myung has become the latest presidential candidate to promise to approve spot cryptocurrency exchange-traded funds (ETFs) and other cryptocurrency-friendly measures if elected.
Lee Jae-myung announced his cryptocurrency pledge on May 6 as part of a broader initiative to provide more investment opportunities for young South Koreans, who are among the main target groups for the upcoming June 3 election.
"I will create a safe investment environment where young people can [accumulate] assets and plan for the future," Mr. Lee was quoted as saying in Korean by the Korea Economic Daily newspaper. He also promised to legalize spot cryptocurrency ETFs, lower transaction fees and more consumer protection measures.
South Korean presidential frontrunner pledges to approve bitcoin ETF
2025-05-07 05:29:09
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