Top South Korean presidential hopefuls support legalizing Bitcoin ETFs

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Source: Ki Young JuRelated: Bitcoin more of a ‘diversifier’ than safe-haven asset: ReportOn May 6, South Korea’s Democratic Party leader Lee Jae-myung promised to legalize spot crypto ETFs, lower transaction fees and “create a safe investment environment so that young people can [build] assets and plan for the future, according to a report from The Korean Economic Daily (KED).

Related: SEC delays Solana ETF as decisions for Polkadot, XRP loomCandidates back ETFs, but history casts doubtWhile the crypto-friendly perspectives of the leading candidates suggest a promising future for digital asset legislation in South Korea, regulation experts remain skeptical.“The candidates’ pro-crypto pledges to push to legalize spot Bitcoin ETFs and reduce fees signal a potential shift.

Whether the ETFs can perform or not depends on various other factors.”“A pro-crypto president could drive reform, aligning South Korea with global trends like the US, where Bitcoin ETFs have attracted over billions in net inflows,” Lian said, adding that the Financial Services Commission’s tone also suggested “regulatory openness” for cryptocurrencies.

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Article Details

Author / Journalist: Cointelegraph by Zoltan Vardai

Category: Crypto

Markets: United StatesHong KongSouth Korea

Topics: Etfs Pro-crypto Candidates Presidential Hong South Kong Crypto Spot Bitcoin Korea

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-14 @ 14:30:27 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 381 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © Coin Telegraph

News ID: 28712608

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