South Korea will see the ETF crypt arrive regardless of whoever wins the presidency: Report

South Korea opens the way to the ETF crypt, since this initiative has bipartisan support in full presidential campaign. The two main candidates have expressed interest in allowing the trade of these products in the local stock market.

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• Both dominant parties support the ETFs crypto in cash in the presidential campaign.
• The financial regulator in South Korea could reverse prohibition and allow its local trade.
• The early election of June 3 continues to the dismissal of President Yoon Suk-Yeol.

The presidential race in South Korea has taken a decisive turn towards the adoption of cryptocurrencies. Kim Moon-Soo, candidate of the main right-wing party, the Popular Power (People Power Party), He announced on Monday his commitment to allow the funds quoted in the stock market (ETF) of cryptocurrencies in cash in the country, which coincides with what is proposed by his rival of the progressive wing, Lee Jae-Myung.

According to published reports today, Moon-Soo’s comments, hand in hand with the proposals presented by their main political adversary, only make clear a scenario in this matter: the ETF crypt in cash have bipartisan support, interchangeably from whoever becomes the first president of the Asian nation.

Candidates for cryptocurrencies

Back with Kim Moon-Soo, he formalized his position as part of his campaign proposals before the National Electoral Commission. Your goal is Integrate the ETFs crypt into the national financial system as an investment tool available for the middle class.

In addition, he proposed to advance in the institutionalization of the sector through a clearer and transparent legal framework. In your words, This would allow to develop a fair market for digital assets and reinforce public trust.

At the moment, cryptocurrency ETFs are prohibited in South Korea. The Financial Services Commission (FSC)the main regulator of the sector, concluded last year that there is no legal basis for assets such as Bitcoin They serve as support for these instruments.

The presidential election, anticipated for next June 3, occurs after the dismissal of the ex-president Yoon Suk-Yool, who had imposed a brief martial law in December 2024. His fall shook the political landscape, opening the way to a new debate on economic modernization and opportunities for young people.

In this context, both Kim Moon-Soo and Lee Jae-Myung agree to boost the crypto ETF. The Democratic candidate had already promised last week introducing them as part of a plan to empower new generations.

The two main gamesPopular and democratic power, They jointly control 277 of the 300 seats in the National Assembly, which guarantees broad legislative support to any future initiative on cryptocurrencies.

Global trends influence the decision

Support for ETFs crypt in South Korea is part of an international context marked by the success of these products in the United States. Market data indicate that ETFs in cash Bitcoin and Ethereum In that country they have accumulated more than USD $ 43,000 million in the American nation.

American signatures have also requested authorization to launch ETF based on other cryptocurrencies such as XRP and Solana. These proposals are currently under evaluation by regulators.

The impact of this success is already perceived in Asia. Own FSC South Korean has begun to reconsider its position. Its president, Kim Byung-Hwan, recently expressed his agreement with the electoral promises and announced conversations with the future administration to study its implementation.

Despite the enthusiasm on the Crypto Front, Moon-Soo faces an arduous electoral battle. According to a survey of Flower Research, cited by the local medium Jose Ilbo, The right-wing candidate has just 20.6 % approval, compared to 54 % of Lee Jae-Myung. The leader of the Reforma Party, Lee Jun-Seoek, is in a 6.9 %distant.

Another survey of Realmeter, reported by Hankeh, Reflect similar figures: Lee Jae-Myung leads with 52 %, followed by Kim with 31 % and Lee Jun-Seoek with 6.3 %.

Despite the disadvantage, explicit support for the ETF crypt could improve Kim’s perception between young voters and technologically active sectors. His focus on the middle class as a recipient of the benefits of this new financial tool seeks to connect with the electorate most affected by inequality.

A key situation for industry Blockchain

The possible legalization of ETF crypt in South Korea would mark a turning point for the ecosystem Blockchain In Asia. While the country already has a remarkable technological community, institutional support could support new investments and position Seoul as a digital financial center.

The next government will have the responsibility of translating these promises into a specific regulation, balancing innovation with investor protection. The result of the elections could determine if South Korea follows the example of the USA. Or remains in the rear of the digital financial revolution.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

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