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As Hong Kong and Japan push boundaries in cryptocurrency regulation, South Korea finds itself at a pivotal crossroads, with the potential to redefine its crypto landscape. South Korean presidential candidate Han Dong-hoon advocated crypto deregulation and Bitcoin ETF approvals. Asia strengthens crypto adoption, with Hong Kong expanding regulations and Japan proposing a Bitcoin reserve. As South Korea navigates its evolving crypto landscape, the upcoming elections could herald a new era of digital asset integration in the economy. Han Dong-hoon’s crypto boost Han Dong-hoon, a prominent candidate in the upcoming South Korean presidential elections, has emphasized the need to deregulate crypto and approve Bitcoin [BTC] ETFs. In a recent interview, Han outlined his vision for a more crypto-friendly South Korea, signaling a potential departure from the restrictive policies of the past. Han said, “Cryptocurrency regulations should be relaxed. South Korea should be at the center [of crypto innovation].” That being said, South Korea’s political landscape is at a crossroads, with an impending presidential election likely to reshape the nation’s stance on cryptocurrency. As impeachment proceedings against President Yoon Suk-yeol unfold, the nation prepares for a possible leadership transition. Han Dong-hoon, a prominent member of the ruling People Power Party (PPP), is emerging as a leading contender, appealing to the nation’s youth by promoting pro-crypto policies. Neither the PPP nor the Democratic Party has nominated a candidate yet due to ongoing legal disputes. Speculation suggests Han Dong-hoon may compete against Democratic Party leader Lee Jae-myung in a highly anticipated election. Will Bitcoin ETF and deregulation transform South Korea’s economy? In the interview, Han emphasized that cryptocurrency is “not something governments can avoid simply because they don’t want to address it.” He stated, “We need to ease many [crypto-related] regulations, such as those on [Bitcoin] spot ETFs. […] Introducing [Bitcoin] ETFs would also…

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Filed under: News - @ March 11, 2025 2:15 am