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South Korea’s Presidential Candidates Push Crypto Reforms, Including Won-Backed Stablecoin and Spot ETFs
South Korea’s Presidential Candidates Push Crypto Reforms, Including Won-Backed Stablecoin and Spot ETFs
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Cryptocurrency has become a pivotal issue in South Korea’s upcoming 2025 presidential elections, with leading candidates proposing significant digital asset reforms. Frontrunner Lee Jae-myung advocates for a Korean Won-backed stablecoin, aiming to bolster the domestic economy and reduce reliance on foreign currencies like the U.S. dollar.
Meanwhile, rival Kim Moon-soo is pushing for the legalization of spot crypto ETFs, signaling a broader shift toward institutional adoption. The proposed Digital Asset Basic Act seeks to establish a clear regulatory framework, potentially accelerating mainstream crypto integration in one of Asia’s most dynamic markets.
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