A pro-bit president. South Korea is a country where people are very fond of cryptocurrencies and the country was one of the first to accommodate exchange platforms. The latter have largely benefited clear and favorable regulations since 2018. And now, the country may well become even more crypto-friendly With the election of Lee Jae-Myung to the presidency.
- South Korea has elected Lee Jae-Myung, a pro-buildin president, aroused hope for a crypto-friendly future.
- With a historic participation rate of 80%, this election marked a potential turning point for the crypto ecosystem.
Lee Jae-Myung elected president of South Korea
On June 3, citizens South Koreans were called to the polls to elect their new president and the center-left candidate Lee JAE-MYUNG has won election with 49% of votes. Faced with him, his opponent of the Conservative Party, Kim Moon-SOOraised 41% of the votes.
This is a historical electionbecause the participation rate has reached 80%the highest participation rate since 1997. The winner had campaigned on a series of Pro-Crypto policies and its election could therefore be good news for our ecosystem.
A pro-Crypto and Pro-Bitcoin election
He wishes, for example, to allow the national pension fund to invest in Bitcoin and cryptos and he also promised to allow the launch ofETF Bitcoin in cash in the country.
For his part, the candidate Kim Moon-SOO had also made pro-Crypto promises. The latter supported, for example, the launch ofETF Crypto And he had committed to soften the regulations and to extend the adoption of cryptocurrencies. But that obviously did not be enough to have it elected it.
Anyway, it will now be necessary to wait to see if Lee Jae-Myung will hold his campaign promises, but let us still salute the pro-Crypto positions of the new strong man of Seoul. And for once, Bitcoin detractors will not be able to say that it is Another curator who seizes the crypto subject ! After Milei, Trump and Bukele, we are delighted to see the center-left politically reasonable Also look at these questions. Hopefully it inspires the French and European left …