The leading presidential candidates in South Korea have expressed their support for legalizing Bitcoin exchange-traded funds (ETFs), potentially aligning the country with moves seen in Hong Kong. Despite this pro-crypto stance, experts warn against expecting immediate regulatory changes, citing previous broken political promises regarding cryptocurrency legislation in South Korea. All three major candidates are advocating for Bitcoin ETFs and a safer environment for institutional crypto investments. Ki Young Ju, CEO of CryptoQuant, noted this shared commitment among candidates. Past promises to lift the ban on crypto ETFs and modify controversial regulations, such as the one-exchange-one-bank rule, have yet to be fulfilled. Though the current atmosphere appears to favor reform, experts like Anndy Lian advise caution. He points out that factors influencing the success of ETFs will still need to be addressed, and the regulatory attitude remains a crucial aspect.

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