South Korea's upcoming election on June 3 is expected to be dominated by crypto policies as candidates propose legalizing Bitcoin and crypto ETFs.
With over 15 million digital asset investors in South Korea, candidates are vying for the support of this tech-savvy demographic by pledging reforms that include legalizing crypto spot ETFs and introducing won-backed stablecoins.
Leading candidates Lee Jae-myung and Kim Moon-soo have aligned their platforms with the rising crypto movement, promising significant policy shifts that could reshape the nation's financial landscape.
Alongside pro-crypto proposals, regulatory crackdowns are targeting unlicensed exchanges to ensure investor protection, with plans for additional crypto regulatory frameworks in the second half of 2025.