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Newly elected South Korean President Lee Jae-myung promises to promote the development of the Crypto Assets market.
According to TheBlock, South Korea's election results were released, and Lee Jae-myung was elected as the new president with 49.42% of the vote, and the voter turnout in this election reached 79.4%, a 28-year high.
Lee Jae-myung announced multiple cryptocurrency-related policies: promoting the adoption of local spot crypto ETFs, establishing a Korean won-pegged stablecoin market to control domestic capital flows. In addition, he plans to improve the second phase of the digital asset regulatory framework, focusing on stablecoin regulation and exchange transparency requirements, and to relax regulations in blockchain special zones to support innovative development.
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