Lee Jae-Myung, presidential leader in South Korea, is committed to legalizing the ETF of Crypto Spot, which are currently prohibited from being issued or negotiated in the country. The presidential candidate Hong Joon-Pyo has also promised deregulation of the country's cryptographic industry.
The best presidential candidate in South Korea, Lee Jae-Myung, said It would push to allow Crypto Spot ETF currently prohibited in the country.
The next presidential election of June 3 promises to be a referendum on cryptography policy, the main candidates doubling the promises to legalize cryptographic investment products, in particular the funds exchanged in Bitcoin (BTC) (ETF).
The presidential candidate of South Korea, Hong Joon-Pyo, previously promised to deregulate the cryptographic industry of the country. He also declared his intention to develop blockchain and virtual assets as a fully recognized industry, thus introducing technology into public services.
Lee pushes the legalization of Crypto ETF previously prohibited
If it were elected, the main presidential candidate of South Korea, Lee, said that he would present FNB with virtual active spots and establish an integrated monitoring system to create an investment environment in safe virtual assets.
The calls for the approval of the ETFs of points increased, in particular after the Bitcoin Spot ETF approved in the United States, while the regulator of South Korea still classifies them as external financial investment products.
Lee is also committed to reducing Crypto trading costs and has announced its intention to create an integrated monitoring system to ensure a safer digital asset environment. This decision aims to appeal to the 15.59 million cryptographic investors in South Korea, representing almost 30% of the population, mainly young people. Current negotiation costs vary from 0.05%to 0.2%, much higher than stocking costs, on average 0.015%.
In addition to the promise to approve the Crypto ETF, Jae-Myung announced on May 6 that it would support other pro-scripto measures as part of a broader initiative to offer more investment opportunities to young people in South Korea before June 3.
“The difficulties of young people are not personal failures … They reflect the structural problems caused by a lack of opportunities.”
Lee, who presents himself for the leftist Democratic Party of Korea, also promised to provide a new savings program bearing interest and a financial planning program for young South Koreans.
Lee de DP maintains a large lead in opinion polls
According to a survey of the end of April conducted by the area of the area of 1,505 South Koreans over the age of 18, Lee conducted the ballot with 48.5%. Although Lee's support has dropped slightly, falling below the 50% mark due to the uncertainty about the outcome of the case of violation of the electoral law, he remains the first favorite among all the candidates, according to the sounder.
Former Minister of Labor, Kim Moon-Soo, of the Power Power Party (PPP) Conservative, finished second with 13.4%, followed by the former mayor of Daegu, Hong Joon-Pyo, with 10.2%, while former PPP chief Han Dong-Hoon, raised 9.7%. The behind was along Lee Jun-Seok, the candidate of the New Minor Reform Party for the elections, at 4.4%, and the representative of the PPP Ahn Cheol-Soo with 2.5%.
The survey, which had an error margin of more or less than 2.5 percentage points and a confidence rate of 95%, also showed that by the party, the DP received 46.8%of support while the PPP collected 34.6%.
A Gallup Korea survey published on April 25 showed that Lee with 38% support among voters, compared to only 6% for Han.
In addition, a joint survey of four probers published on May 1 showed that Lee was in the lead with 42%, Han Duck-Soo with 13%, Han Dong-Hoon with 9%and Kim with 6%. A test scenario between Han and Lee showed that Lee would still emerge at the top with 46% against 31% of Han.
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