South Korea’s new president races to approve Bitcoin ETFs for 16 million traders

South Korea’s newly elected president Lee Jae-myung has vowed to legalize spot Bitcoin exchange-traded funds and launch a national KRW-backed stablecoin, which could turbocharge crypto adoption across Asia’s fourth-largest economy. Lee, a liberal firebrand and former mayor of Seongnam, clinched the presidency with 49.4% of the vote in the June 3rd snap election, ending months […]