South Korea's crypto market is booming with over 18 million people trading digital assets, surpassing stock market volumes.
Both presidential candidates in South Korea, Lee Jae-myung and Kim Moon-soo, support pro-crypto policies, including legalizing spot crypto ETFs.
There is a bipartisan support for crypto in South Korea, with discussions on implementing crypto exposure for the nation's pension fund and launching a won-backed stablecoin.
Despite some challenges like proposed stablecoin issuance and stringent regulations, South Korea is positioning itself as a significant player in the global crypto space.