The favorite candidate of the upcoming presidential elections in South Korea Lee Jae-Myungpromised to allow spot crypto currency exchange investment funds (ETF) throughout the country. Lee said that the initiative aims to create new investment opportunities especially for young generations. For now in South Korea Spot Crypto Money ETFIt is not legally possible to export or buy their ‘s. However, one of the main agenda items of the election race is the abolition of this ban.
Crypto money promises from Lee to young people
Lee Jae-Myung, the left-wing candidate of the Democratic Party, announced that he would approve spot crypto currency ETFs if he took office on his social media sharing on Tuesday. However, a comprehensive crypto currency He also stated that the audit system will be established. According to Lee, these regulations will not only make the investment environment safer, but also contribute to the financial freedom of young people.
Lee emphasized that the economic challenges experienced by young people are an individual but a structural crisis, not only for young people, they will not only work, but they will also make an order where they can accumulate and feel safe. ” Other promises of the candidate also have a new savings program that provides interest rates and special financial planning services for young people. Crypto Money MarketThese promises, which are directly linked to, had a positive impact on young voters who stand close to technology.
Crypto money ETFs stand out in the election race
South Korea’s current regulatory authority Financial Services Commission (FSC) did not allow these products to be released on the grounds that the Spot Crypto Money ETFs had no legal basis in his decision last year. However, the latest developments indicate that this attitude may change. In a statement before the election, FSC President Kim Byung-HwanHe said that negotiations will be conducted on the legalization of spot crypto currency ETFs with the new administration in line with the election promises.
Candidate of the Right -minded People’s Power Party Kim Moon-Soo also has a stance that supports the abolition of the ban on the spot crypto currency ETF. This shows that in the eyes of crypto currency investors in South Korea, elections can be not only political, but also an economic and technological turning point.
According to the estimation market platform Polymarket, Lee’s probability of winning elections has increased up to 87 percent. In public opinion polls, the support rate of the candidate is about 50 percent.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
