South Korea Front-Runner Lee Jae-Myung Vows to Approve Spot Bitcoin ETFs, Cut Exchange Fees as Both Parties Back Crypto

South Korea's presidential front-runner Lee Jae-myung has pledged to approve spot Bitcoin exchange-traded funds (ETFs) if elected in the upcoming election. This marks a notable shift as both major political parties in South Korea now support the removal of the Bitcoin ETF ban. In addition to this, Lee has committed to reducing cryptocurrency exchange transaction fees, signaling a pro-cryptocurrency stance that could potentially catalyze a new growth cycle for Bitcoin in the country.

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