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One third of the voters are virtual asset investors in South Korea, and presidential candidates are competing to introduce encryption policies.
According to Point Daily, there are an estimated 16 million virtual asset investors in South Korea, accounting for about 36% of the nation’s electorate. As the June 3 presidential election approaches, candidates from all parties have introduced virtual asset-related policies to attract votes. Lee Jae-myung, the candidate of the Democratic Party of Korea, advocated advancing virtual asset legislation, with the help of token securities experts; Kim Moon-so, the candidate of the National Power Party, proposed allowing the National Pension Fund to invest in crypto assets, liberalizing ETF trading and regulatory restrictions; Third-party candidate Lee Jun-seok emphasized the relaxation of blockchain regulation and the promotion of industrial development.