Experienced investors and industry veterans are shaping South Korea’s crypto policy debates through lobbying and public advocacy. With elections approaching, candidates are prioritizing digital asset regulations to appeal to the nation’s tech-savvy electorate. Veteran capital emphasizes consumer protection frameworks that don’t stifle innovation, seeking middle ground between China’s bans and Western laissez-faire approaches.
Key issues include clarifying taxation on crypto gains and expanding approved assets for exchange listings. Political parties are courting crypto entrepreneurs whose startups employ thousands, recognizing the sector’s economic importance. However, scandals involving leveraged trading platforms keep risk mitigation at the forefront of policy proposals.
The electoral influence reflects South Korea’s position as a retail crypto trading hub, where nearly a third of adults hold digital assets. Successful policy balancing could make the country a model for other Asian nations. Outcomes may determine whether Seoul sustains its lead in Web3 development or loses ground to more progressive jurisdictions.
