South Korea’s Largest Opposition Party Presidential Candidate Lee Jae-myung Proposes Campaign Promise to Promote Cryptocurrency Spot Trading ETFs
Currently, the Financial Supervisory Commission (FSC) of South Korea does not allow the issuance or trading of cryptocurrency spot ETFs domestically. Lee Jae-myung stated on Facebook on Tuesday:
Lee Jae-myung expressed that his proposal aims to provide more opportunities for the younger generation in South Korea. His other commitments include launching an interest-bearing savings plan targeting youth, as well as a financial consulting program specifically designed for young people. He wrote:
Lee Jae-myung’s rival, Kim Moon-soo, nominated by the ruling People Power Party, has also pledged to lift the effective ban on cryptocurrency ETFs.
Following the impeachment of conservative former President Yoon Suk-yeol due to martial law actions, South Korea will hold a presidential election on June 3, with Lee Jae-myung currently leading with approximately 50% support.
Are Stablecoins Primarily Used for Money Laundering? Blockchain Analysis Firm Reports 99% of Stablecoin Transactions Will Be for Legitimate Purposes in 2024.
Table of Contents Toggle Stablecoin Usage Becomes Increasingly Compliant TRM …