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DeepNewz, mobile.
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South Korea's upcoming parliamentary elections are shaping up to be a battleground over cryptocurrency regulations, with the opposition Democratic Party vowing to approve Bitcoin ETFs if they win. The election campaign highlights the nation's significant digital-asset market status, with over 6 million South Koreans owning Bitcoin or crypto. The outcome of the election could impact corporate reforms and the stock market rally.
South Korea's political parties are pledging crypto-related incentives to attract voters ahead of parliamentary elections. https://t.co/dPqA0Bwf6C
NEW: #Bitcoin ETFs are a focus in 🇰🇷 South Korea's upcoming elections, with the Democratic Party pledging to lift restrictions on 🇺🇸 US ETFs holding tokens if they gain legislative control 👀 Last month, South Koreans bought over $200 million worth of MicroStrategy shares 😮 https://t.co/VjqonAxotx
BREAKING: 🇰🇷 Korea to approve #Bitcoin ETFs if pro-Bitcoin opposition wins election in 4 days – Bloomberg "We're going to allow the ETFs, domestic or overseas." More than 6 million South Koreans — over 10% of the population owns Bitcoin or crypto.
