TLDR Crypto · MARKETS & BUSINESS

SOUTH KOREA’S RULING PARTY CONSIDERS ALLOWING SPOT BITCOIN ETFS IN ELECTION PLEDGES

theblock.co2 min read

Summary from the TLDR Crypto newsletter

South Korea's People Power Party is considering making promises around cryptocurrencies for the general election in April. Proposals include allowing spot bitcoin ETFs, institutional investments in cryptocurrencies, and initial exchange offerings. These campaign strategies are an effort to attract young voters, as over 80% of the country's cryptocurrency holders are aged between 20 and 30. These pledges could spark significant changes in the country's current stringent crypto regulations.