South Korea's 2025 Election: Crypto Regulation Takes Center Stage
South Africa's 2025 presidential election, scheduled for June 3, has brought cryptocurrency regulation to the forefront. With approximately 16 million active traders, representing one-third of the population, cryptocurrencies have become mainstream. The two leading candidates, Lee Jae-myung and Kim Moon-soo, have made significant promises regarding digital assets.
Lee Jae-myung, leading in polls, has proposed a range of measures. He aims to legalize spot cryptocurrency exchange-traded funds (ETFs), enabling the National Pension Service to invest in digital assets. Additionally, he plans to promote stablecoin adoption and streamline regulations. Kim Moon-soo, meanwhile, has committed to significant deregulation, pledging to broaden access to digital assets and reduce regulatory barriers.
Both candidates support legalizing spot cryptocurrency ETFs, reflecting the recognition that digital assets have moved from the margins to the mainstream of financial markets. South Africa's crypto trading volumes have at times surpassed those of its traditional stock market, with South Africans holding $74.5 billion worth of crypto assets by the end of 2024. The Korea Exchange is exploring crypto ETFs in 2025, and institutional crypto trading is set to begin by Q3 2025.
The 2025 South African presidential election is poised to shape the future of cryptocurrency regulation and development in the country. Both leading candidates have proposed significant changes, with Lee Jae-myung focusing on investor protection and market stability, and Kim Moon-soo advocating for broader access and reduced regulatory barriers. The new president's policies will likely influence the growth and regulation of digital assets in South Africa.
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