South Korean Presidential Candidate Pushes for Bitcoin ETF and Crypto Deregulation

Jakarta, Pintu News – Global adoption of cryptocurrencies continues to grow rapidly, with some previously resistant countries now beginning to reconsider their approach to digital assets.

The United States has significantly adjusted their stance on crypto regulation, setting a precedent that other countries are beginning to emulate. In Asia, South Korea, a prominent financial center, is experiencing a similar shift as political leaders push for regulatory reform.

Han Dong-hoon’s Vision for Crypto

Han Dong-hoon, a leading candidate in South Korea’s upcoming presidential election, has emphasized the need for crypto deregulation and approval for Bitcoin BTC->Harga BTC Saat IniRp 0Market CapRp 0Volume TradingRp 0Suplai BeredarRp 0 ETFs. In a recent interview, Han outlined his vision for a more crypto-friendly South Korea, signaling a possible change from previous restrictive policies. Han stated, “Crypto regulations should be relaxed. South Korea should be at the center of crypto innovation.”

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South Korea’s Economic Transformation Through Bitcoin ETF and Deregulation

In the interview, Han emphasized that crypto “is not something that the government can avoid just because they don’t want to deal with it.” Han stated, “We need to relax a lot of crypto-related regulations, such as on Bitcoin spot ETFs. Introducing a Bitcoin ETF will also have an impact on institutional adoption.

I believe companies should also be allowed to buy crypto.” Han warned that over-regulation of crypto “reduces the power of digital literacy, which is the country’s true treasure.” Han advocated for South Korea to become a crypto-focused country, arguing, “Those who want to regulate crypto don’t understand its essence.”

Crypto Sector Development in Asia

Hong Kong reinforced its commitment to expanding the crypto sector, showing strong regulatory support for innovation. Additionally, Japan advanced with a proposal for a National Bitcoin Reserve, aiming to relax crypto tax laws. As the crypto landscape evolves in Asia, South Korea seems poised to follow Japan’s lead in adopting Bitcoin ETFs.

Reports suggest that Seoul may approve a Bitcoin ETF if Tokyo proceeds with its own regulatory approval. If policymakers embrace Han Dong-hoon’s vision, South Korea could become a major player in the global crypto market.

Conclusion

With support from political figures like Han Dong-hoon, the future of crypto in South Korea looks bright. The proposed deregulation and introduction of a Bitcoin ETF could open up new opportunities for investors and companies, and strengthen South Korea’s position as a leader in global crypto innovation.

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Reference

• AMB Crypto. South Korean presidential candidate Han pushes for Bitcoin ETF, crypto deregulation. Accessed on March 12, 2025
• Featured Image: Crypto News Flash