Add economic powerhouse South Korea to the growing list of countries adopting bitcoin at the national level.
This was a special election following a time of great political turmoil in the country. It was caused by the
impeachment of the former S. Korean president who attempted to declare martial law at the end of last year.
This is a welcome development looking at the list of plan agenda's that has been set up for implementation by the new president elect of the country one thing that is paramount is the enabling laws that will help crypto currency to be protected because when the right laws are there it's said to succeedThis was a special election following a time of great political turmoil in the country. It was caused by the
impeachment of the former S. Korean president who attempted to declare martial law at the end of last year.
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June 4, 2025
Crypto-friendly Lee Jae-myung was elected as South Korea's new president on Wednesday,
defeating the incumbent Conservative Party's leader Kim Moon-soo.
During the election Lee made a number of promises to South Korea's crypto industry, appealing to
the nation's 15 million crypto investors. These included legalizing spot cryptocurrency exchange-traded funds
and allowing institutional investors like the National Pension Fund to make investments into certain cryptocurrencies
and products, local media outlet The Korea Herald said in May.
Yahoo
Crypto-friendly Lee Jae-myung was elected as South Korea's new president on Wednesday,
defeating the incumbent Conservative Party's leader Kim Moon-soo.
During the election Lee made a number of promises to South Korea's crypto industry, appealing to
the nation's 15 million crypto investors. These included legalizing spot cryptocurrency exchange-traded funds
and allowing institutional investors like the National Pension Fund to make investments into certain cryptocurrencies
and products, local media outlet The Korea Herald said in May.
Yahoo
One thing that I like about the plans is setting up a national stablecoin which will help the country to reduce their use of foreign crypto currency this is one thing will be of benefit to south Korea as a country as they owning their crypto currency will Mark a significant turn around in the crypto currency sector of the country