BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

South Korean Presidential Hopefuls Target 16 Million Crypto Investors Ahead of June Election

by Chiwuike Owunwa
May 4, 2025 - 9:53 pm
in Blockchain, Sticky
South Korean presidential candidate Lee Jae-myung speaking about proposed won-backed stablecoin at policy event

Crypto Investors Become Political Power Brokers

While usage of cryptocurrency has reached record highs in South Korea, the presidential election on June 3 has gone online. About 16 million crypto investors now represent around 36% of the nation’s eligible voters, leading to attempts by major parties to win them over with greater effort.

Bitcoin’s domestic market capitalization has increased beyond 2,600 trillion won—reportedly more than the sum of all KOSPI-listed firms—demonstrating the sector’s growing clout in national politics and economies.

Democratic Party Woos Investors With Reform Platform

The Democratic Party has recruited digital finance experts and offered bill drafts to attract crypto-conscious voters. Sogang University Professor Kim Yong-jin, a renowned tokenized securities expert, joined the party’s campaign team.

Legislator Min Byeong-deok proposed the Basic Digital Asset Act, aimed at normalizing permission for stablecoin and aligning it with South Korea’s law of legal tender. The proposal seeks to usher in regulatory clarity and consumer protections without hindering innovation.

People Power Party Rolls Out Comprehensive Crypto Roadmap

The rightist People Power Party is counterattacking with its own powerful digital asset agenda. Candidate Kim Moon-soo emphasized that even though millions are being spent on crypto, there remain no investor protections.

Seven of their platform’s major initiatives are:

  • Splitting the one-exchange-one-bank structure
  • Institutionalizing company crypto trading
  • Enabling trading in spot crypto ETFs by 2025
  • Placing South Korea at the center of an international blockchain and virtual asset hub

Regulatory Shifts Reinforce Market Regulation

In a sign of broader industry acceptance, the Financial Services Commission announced that from June, non-profit organizations and virtual asset exchanges are allowed to sell virtual assets but need to have robust internal controls and anti-money laundering practices.

This regulatory shift is part of a broader effort to mainstream South Korea’s virtual asset market and shut down chronic compliance loopholes.

Tags: Regulation
Chiwuike Owunwa

Chiwuike Owunwa

Chiwuike is a frontend programmer and writer with 3 years experience in the Web3. He's meticulous researcher, enthusiastic about Blockchain and the future of crypto, DeFi, and the Metaverse.

Related Posts

Exterior view of the Czech National Bank building in Prague, symbolizing the institution’s financial strategies and innovation.

Bank of England Governor Says Stablecoins Could Reduce Reliance on Banks

October 1, 2025

Andrew Bailey says stablecoins could reduce UK reliance on commercial banks by separating money from credit, signaling a...

blockchain

Spacecoin Executes First Blockchain Transaction Through Space

October 1, 2025

Spacecoin has achieved the first-ever blockchain transaction through space using a nanosatellite, marking a milestone for decentralization and...

The headquarters of the Autorité des Marchés Financiers (AMF) Investor in Paris, France, the regulatory body warning investors against ByBit.

French Officials Pressured Telegram to Censor Moldova Election Posts: Durov

September 28, 2025

Pavel Durov revealed French intelligence pressured Telegram to censor Moldova election content in 2024, which he refused, citing...

Wall Street financial district with Bitcoin symbol representing institutional adoption

Bitcoin skepticism fades as nations gear up for adoption, says Samson Mow

September 28, 2025

Samson Mow predicts nation-states will move from skepticism to rapid Bitcoin adoption, fueling global FOMO and a rush...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service