{"id":29946,"date":"2025-06-03T10:31:52","date_gmt":"2025-06-03T10:31:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=29946"},"modified":"2025-06-03T10:31:52","modified_gmt":"2025-06-03T10:31:52","slug":"south-korea-crypto-scene-is-about-to-pop-regardless-who-wins-the-election","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=29946","title":{"rendered":"South Korea Crypto Scene Is About To Pop Regardless Who Wins the Election"},"content":{"rendered":"<div>\n<p>Crypto is not just an asset in South Korea; it is a way of life. With over 18 million people trading digital assets, volumes surpass those of the nation\u2019s two major stock markets, the Kospi and Kosdaq. Crypto has become a political force.<\/p>\n<p>And with South Korea standing in front of election week, there\u2019s one guaranteed winner \u2013 crypto.<\/p>\n<div class=\"cpp-crypto-chart cpp-crypto-chart-btc\" data-coin-symbol=\"btc\" data-price-usd=\"Price (USD)\" data-main-color=\"#4caf05\" data-watermark-image=\"\">\n<div class=\"cpp-chart-header\"><span class=\"cpp-chart-price\"><\/span><span class=\"cpp-chart-change\"><\/span><\/div>\n<p><canvas id=\"cpp-chart-683ece0c27cb4\" class=\"cpp-chart-container\"><\/canvas><\/p>\n<div class=\"cpp-chart-selectors\"><button class=\"cpp-chart-selector\" data-period=\"24h\">24h<\/button><button class=\"cpp-chart-selector\" data-period=\"7d\">7d<\/button><button class=\"cpp-chart-selector\" data-period=\"30d\">30d<\/button><button class=\"cpp-chart-selector\" data-period=\"1y\">1y<\/button><button class=\"cpp-chart-selector\" data-period=\"all_time\">All time<\/button><\/div>\n<\/div>\n<h2>Election Outcome? Doesn\u2019t Matter, Crypto Wins Either Way<\/h2>\n<p>Both presidential candidates, liberal Lee Jae-myung and conservative Kim Moon-soo, have gone full pro-crypto with their election policies. We are talking about less regulation and more access, and even proposing to legalize spot crypto ETFs.<\/p>\n<p>Currently, South Koreans are holding over $74.5 billion in crypto. Which, by any measure it is not a small market.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">NEWS: South Korea\u2019s presidential candidates vow to legalize spot crypto ETFs, ease rules, and launch a won-backed stablecoin. <a href=\"https:\/\/t.co\/jAfVYp4Gxm\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/jAfVYp4Gxm<\/a><\/p>\n<p>\u2014 CoinGecko (@coingecko) <a href=\"https:\/\/twitter.com\/coingecko\/status\/1929389945506202000?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">June 2, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Best Meme Coin ICOs to Invest in May 2025<\/a><\/strong><\/p>\n<p>It feels like they are fighting over who will offer a better crypto policy. Lee\u2019s calling for the nation\u2019s $884 billion pension fund to get crypto exposure. Sick.<\/p>\n<p>Imagine what this is going to do to crypto. ETFs backed up by public funds. This is most definitely a bull market fuel. What makes things even weirder is his opposition supports that too.<\/p>\n<p>Bipartisan pro-crypto vibes are something unheard of.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: PRESIDENTIAL CANDIDATE FOR KOREA&#8217;S 2nd LARGEST PARTY WANTS TO INVEST NATIONAL PENSION FUNDS IN <a href=\"https:\/\/twitter.com\/hashtag\/BITCOIN?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#BITCOIN<\/a><\/p>\n<p>ASIA IS COMING <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f680.png\" alt=\"\ud83d\ude80\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> <a href=\"https:\/\/t.co\/hgQkL8ix1o\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/hgQkL8ix1o<\/a><\/p>\n<p>\u2014 The Bitcoin Historian (@pete_rizzo_) <a href=\"https:\/\/twitter.com\/pete_rizzo_\/status\/1917528633523966417?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">April 30, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>All this set up South Korea\u2019s crypto exposure to be one of the biggest in the world. However, not everything is pink between the candidates and the crypto space.<\/p>\n<h2>The Stablecoin Drama<\/h2>\n<p>Not every proposal receives love. Lee\u2019s proposal for a won-pegged stablecoin is his plan to modernize finance in South Korea and stop capital bleeding out via USDT and USDC.<\/p>\n<p>This makes sense when realizing that only in the first quarter of 2025, 56.81 trillion Won left Korean exchanges. Half of those have been through dollar-backed stablecoins.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f1f0-1f1f7.png\" alt=\"\ud83c\uddf0\ud83c\uddf7\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> NEW: South Korea\u2019s presidential front-runner proposes a won-backed stablecoin to curb capital flight and boost financial sovereignty. <a href=\"https:\/\/t.co\/Iqcw8ghLVX\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/Iqcw8ghLVX<\/a><\/p>\n<p>\u2014 Cointelegraph (@Cointelegraph) <a href=\"https:\/\/twitter.com\/Cointelegraph\/status\/1924788273437663295?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">May 20, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/crypto-presales\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">The 12+ Hottest Crypto Presales to Buy Right Now<\/a><\/strong><\/p>\n<p>Meanwhile Bank of Korea did not like this plan. Governor Rhee Chang-yong believes central banks and not third parties should make stablecoin issuance. In his eyes, this can easily wreck monetary policy.<\/p>\n<p>That just looks like a classical TradFi vs DeFi moment we have been seeing in the U.S.<\/p>\n<h2>Trump, Stablecoins, and Asia Response<\/h2>\n<p>On the other side, Trump\u2019s already laying down the paperwork for US dollar stablecoin dominance and even calling them tools for defending America\u2019s global edge.<\/p>\n<p>With that pressure, Asian lawmakers are responding fast, and South Korea\u2019s trying not to get left behind in this crypto thug of war.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f4a5.png\" alt=\"\ud83d\udca5\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\">BREAKING:<\/p>\n<p>TRUMP\u2019S WORLD LIBERTY FINANCIAL LAUNCHES $USD1 STABLECOIN, FULLY BACKED BY U.S. TREASURIES AND CASH EQUIVALENTS.<\/p>\n<p>THIS IS SUPER BULLISH  <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f680.png\" alt=\"\ud83d\ude80\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> <a href=\"https:\/\/t.co\/ML3nyYbPWk\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/ML3nyYbPWk<\/a><\/p>\n<p>\u2014 Crypto Rover (@rovercrc) <a href=\"https:\/\/twitter.com\/rovercrc\/status\/1904523482509041787?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">March 25, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>While the Virtual Asset User Protection Act took effect in July 2024, things are still tense. That law introduced strict exchange oversight and even life sentences for crypto fraud.<\/p>\n<p>Exchanges now need to protect users\u2019 funds, have insurance-level security, and be ready to compensate users if a hack occurs.<\/p>\n<p>As usual, Koreans are not playing around, especially after the $40 billion implosion of TerraUSD. Let\u2019s not forget about Do Kwon, who was South Korean, and soon he will stand trial in the US for fraud.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: Do Kwon\u2019s Trial set for January 26th, 2026, in Luna collapse.<\/p>\n<p>If convicted on all charges, he could face up to 130 years in prison. <a href=\"https:\/\/t.co\/CIKOjsuA0q\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/CIKOjsuA0q<\/a><\/p>\n<p>\u2014 Crypto India (@CryptooIndia) <a href=\"https:\/\/twitter.com\/CryptooIndia\/status\/1877279563434082789?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">January 9, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Overall, South Korea is becoming a crypto powerhouse. Approaching with caution but also calculated, Korea will definitely win more crypto enthusiasts.<\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">20+ Next Crypto to Explode in 2025<\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener nofollow\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<p>        <br class=\"yoast-text-mark\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        South Korea\u2019s $884 billion pension fund is about to enter crypto.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Korea\u2019s presidential candidates are pro-crypto.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        How Asia responds to Trump?    <\/li>\n<\/p><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/south-korea-crypto-scene-is-about-to-pop-regardless-who-wins-the-election\/\">South Korea Crypto Scene Is About To Pop Regardless Who Wins the Election<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto is not just an asset in South Korea; it is a way of life. With over 18 million people trading digital assets, volumes surpass those of the nation\u2019s two major stock markets, the Kospi and Kosdaq. Crypto has become a political force. And with South Korea standing in front of election week, there\u2019s one [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-29946","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29946"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29946\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}