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South Korea Moves Toward Crypto Adoption Beyond Election Results

  • Both presidential candidates in South Korea support spot crypto ETFs and relaxed regulations to boost crypto adoption.
  • South Korea's Financial Services Commission (FSC) lifted a ban on institutional trading and allowed nonprofits to trade crypto.
  • Lee Jae-myung proposes a won-based stablecoin to combat capital outflows, which he attributes to foreign stablecoins.
  • The FSC aims to have corporate crypto trading operational by the end of 2025, with a focus on real-name accounts and anti-money laundering measures.

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