The South Korean crypto landscape saw a positive shift during the recent presidential election with both candidates pledging to refine regulations and enhance access to crypto.
Approximately 18 million people in South Korea actively engage in crypto activities, with the domestic exchanges surpassing stock indices in trade turnover.
Candidates Lee Jae-myung and Kim Moon-soo promise to legalize spot crypto ETFs, ease rules, and introduce a won-backed stablecoin, aiming to modernize the financial system.
Increased crypto participation in South Korea led to the implementation of new regulations to enhance transparency, security, and trust in the cryptocurrency ecosystem.