South Korea’s Democratic Party Prepares Cryptocurrency Policy Agenda Ahead of Election

In Brief:

The Democratic Party of Korea (DPK) is developing a new crypto policy agenda, with details to be announced soon.

The initiative follows presidential candidate Lee Jae-myung’s pledges to support spot crypto ETFs and lower transaction fees.

The Democratic Party of Korea (DPK) announced during a recent press conference that it is currently formulating a comprehensive cryptocurrency policy agenda, which will be unveiled in the near future. The announcement was made as part of the party’s rollout of 10 key policy initiatives ahead of the upcoming presidential election.

This move aligns with the campaign promises of DPK’s presidential candidate, Lee Jae-myung, who has previously voiced support for expanding access to digital assets. His proposals include promoting the listing of spot cryptocurrency ETFs and reducing transaction fees associated with digital asset trading in South Korea.

The development signals a growing recognition of the crypto sector’s relevance in national economic and regulatory strategies. As South Korea continues to be a major player in the global crypto market, regulatory clarity and support from leading political parties could influence investor sentiment and market dynamics moving forward.

‍