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South Korean Presidential Candidates Clash Over Stablecoin Policy
South Korean Presidential Candidates Clash Over Stablecoin Policy
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South Korea’s presidential race has turned into a battleground for crypto policy, with frontrunner Lee Jae-myung pushing for a won-pegged stablecoin market while facing opposition from Reform Party candidate Lee Jun-seok. The Democratic Party standard-bearer warns that without swift action, the nation risks significant capital outflows to foreign stablecoin issuers.
The political confrontation comes amid turmoil in the conservative camp, which recently attempted to oust its own candidate in a dramatic intra-party struggle. While crypto regulation dominates campaign discourse, neither candidate has yet articulated comprehensive plans for broader digital asset integration.
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