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South Korea’s New President Lee Jae-myung Bets Big on Bitcoin—Wall Street Grumbles
South Korea’s New President Lee Jae-myung Bets Big on Bitcoin—Wall Street Grumbles
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South Korea just placed a bullish wager on crypto’s future—electing pro-Bitcoin reformist Lee Jae-myung as president. The move signals a potential regulatory thaw in Asia’s fourth-largest economy.
While traditional finance suits clutch their pearls over ’volatile digital gambling,’ Lee’s administration appears ready to embrace blockchain innovation. The election outcome could position Seoul as the next crypto hub—if the bureaucrats don’t strangle it in red tape first.
Funny how politicians love disruptive tech... until it disrupts their crony capitalism.
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