The leading candidate in the South Korean presidential election promises to approve a Bitcoin ETF.

robot
Abstract generation in progress

According to Mars Finance, South Korean Democratic Party leader Lee Jae-myung has become the latest presidential candidate to promise that if elected, he will approve Spot Crypto Assets exchange-traded funds (ETFs) and other crypto-friendly measures. Lee Jae-myung announced his cryptocurrency commitment on May 6 as part of a broader initiative to provide more investment opportunities for young people, who are one of the main target demographics in the upcoming June 3 elections. The Korea Economic Daily (KED) quoted Lee Jae-myung as saying in Korean: "I will create a safe investment environment so that young people can [accumulate] assets and plan for the future." He also promised to legalize Spot Crypto Assets ETFs, drop trading fees, and take more consumer protection measures.

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments