Lee Jae-Myung, the presidential candidate of the Korean Democratic Party, is committed to introducing a Virtual Fund Asset Spot Exchange (ETF) and to introduce cryptographic reforms in the country.
“I will create a safe investment environment so that young people can train assets and plan the future,” said Lee Jae-Myung. In accordance with “7 major digital asset promises”, he promised to institutionalize virtual FNBs of asset points and build an integrated monitoring system. He also proposed a policy of reorganizing the market under the government plan, saying: “I will see a reduction in transaction costs.”
According to May 6, 2025, local media, this is the first time that a candidate has mentioned virtual assets in a presidential electoral commitment. Lee Jae-Myung’s commitment is interpreted as an intention to introduce virtual assets into the institutional system and increase security.
Notably, The Power Party Power Power (PPP) in power of South Korea unveiled a set of cryptographic reforms last month, especially approval of Etf of sanded cryptocurrency and a redesign of The country’s digital asset framework. A centerpiece of the PPP’s commitment is the legalization of FNB Crypto Spot – a movement aimed at aligning South Korea in the global financial markets.
Citing the decision of the American Securities and Exchange commission in January to approve the Bitcoin Spot ETF, the Park Soo-Min legislator stressed the urgency of monitoring the rate of international regulatory developments.
A huge news for #crypto In South Korea!
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– xbit (@xbitdex) May 7, 2025
A huge news for 
The front of the presidential election Lee Jae-Myung is committed to Greenlight Spot 
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Crypto trading continues to go to South Korea
Meanwhile, Crypto trading has jumped, going beyond the South Korean stock market activity, where digital assets have reached a market capitalization of more than 100 won billions ($ 74.8 billion). In addition, global political changes such as the election of Donald Trump as President of the United States have influenced the commercial volume five times more.
The country has delayed the tax on capital gains of 20% on the crypto until 2027, citing the challenges of application. The government reprimands market manipulation by applying cryptographic companies to comply with the Virtual Asset USET USER User Protection Act (VAPA), which requires stricter surveillance of digital assets.
Despite a regulatory examination, South Korea remains one of the most active cryptographic markets in the world today. Altcoins such as XRP are particularly popular in the region, presenting the preference of South Korea for a rapid and profitable transaction solution.
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Key dishes to remember
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Lee Jae-Myung, the presidential candidate of the Korean Democratic Party, promised the introduction of an ETF of virtual spots.
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“I will create a safe investment environment so that young people can train assets and plan the future,” said Lee Jae-Myung.
The South Korean presidential candidate Lee Jae-Myung undertakes to legalize the Crypto ETF if they are elected next month appeared first on 99Bitcoins.
