South Korea crypto industry to win no matter snap election outcome

South Korea’s leading presidential candidates have both promised to legalize spot crypto ETFs, ease current regulations and launch a won-backed stablecoin.

South Korea’s crypto scene will gain either way in the country’s presidential elections, as both candidates have run on pro-crypto platforms, pledged to ease regulations and expand crypto access.

South Koreans will head to the polls on June 3 to elect a new president in a snap election to replace Yoon Suk-yeol, who was impeached and removed from office over his attempt to declare martial law in December.

Currently leading the polls is Lee Jae-myung of the center-left Democratic Party, who is up against staunch conservative and People Power Party nominee Kim Moon-soo.

Read more