The People Power Party (PPP) in South Korea aims to remove banking laws that restrict crypto exchanges during the upcoming presidential elections. PPP’s approach intends to create a competitive environment, enhancing citizens’ access to crypto trading.
The party’s manifesto includes the introduction of corporate crypto trading by 2025, a Special Committee for Virtual Assets, and regulations for crypto spot ETFs. These initiatives aim to foster innovation and regain investor confidence.
As the June 3 election approaches, the PPP faces competition from the Democratic Party, which currently holds a significant lead in polls. The ongoing political rivalry highlights differing views on the future of crypto regulations in South Korea.
Leave a Reply