Lee Jae-Myung, friendly with the cryptographic, was elected as the new president of South Korea on Wednesday, defeating the leader of the Kim Moon-Soo Conservative Party.
During the elections, Lee made a series of promises to the cryptographic industry of South Korea, attracting the 15 million cryptographic investors of the nation. These included legalizing funds quoted in spot cryptocurrency exchange and allowing institutional investors such as the National Pension Fund to make investments in certain cryptocurrencies and products, said the local media The Korea Herald.
Lee also said that the country should support a WON headquarters -headed market “to prevent national wealth from filtering abroad”, during a political discussion with YouTube creators, Korea Herald reported.
The Lee De Democratic Party won against Kim from the Popular Popular Party, its opposition party, for almost three million votes in the instantaneous elections. There were more than 17 million votes in total and Lee said 49.4% of them, showed data from the National Electoral Commission of South Korea.
South Korea has established new regulations for cryptographic companies in the last two years. His National Assembly approved legislation for digital assets in 2023. The Virtual Assets Users Protection Law defined which digital assets were and established sanctions for unfair transactions. He also gave the authority of the Financial Services Commission to supervise service providers. The nation also published guidelines to regulate security tokens at a similar time.
Now, South Korea has begun to let non -profit organizations and exchanges sell cryptography under new rules under the Financial Services Commission.
Countries and leaders in Asia, as in Pakistan and Hong Kong, have been pressing for more cryptographic measures as the sector has jumped to achieve its current market capitalization of $ 3.4 billion and cryptography has become more conventional.
