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South Korean Crypto Industry Hedges A Win Despite Election Outcome

  • 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.

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