The post South Korea’s Presidential Candidates All Back Bitcoin Spot ETF appeared on BitcoinEthereumNews.com.

South Korea prohibits the issuance and trading of Bitcoin ETFs and restricts institutional participation in cryptocurrency markets 100% of crypto trading volume in the country is driven by retail investors. The upcoming presidential election is scheduled for June 3, 2025 All three major South Korean presidential candidates – Kim Moon-soo (People Power Party), Lee Jae-myung (Democratic Party), and Lee Jun-seok (Reform Party) – have publicly expressed support for the approval of Bitcoin spot ETFs and the inclusion of institutional investors in the country’s cryptocurrency market. This is quite the turn of events considering that presently, South Korea prohibits the issuance and trading of Bitcoin ETFs and restricts institutional participation in cryptocurrency markets. As a result, 100% of crypto trading volume in the country is driven by retail investors. This strong retail presence has led to a distinctive market phenomenon in the country known as the ‘Kimchi Premium,’ where local Bitcoin prices often exceed global averages by a big margin. Regulatory Overhaul Looms After June 3 Presidential Election However, the unified stance among presidential candidates may very well mean a big regulatory shift in South Korea, potentially leading to many new initiatives. For instance, allowing institutional investment could introduce substantial capital into the market, increasing liquidity. Additionally, introducing Bitcoin ETFs could help align South Korea’s crypto market with global standards, probably even reducing the mentioned Kimchi Premium event. Whatever the future holds, the upcoming presidential election next month on June 3 has brought cryptocurrency regulation to the forefront of political discourse in the country. South Korea and Crypto The Asian country has instituted a lot of rules for crypto in the last several years. For example, since 2021, South Korea has implemented strict real-name account systems for crypto exchanges. Then, a year later, exchanges were required to share personal info on…

---

Filed under: News - @ May 15, 2025 1:21 am