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South Korea’s People Power Party Proposes Crypto Deregulation
On April 25, 2025, the People Power Party (PPP), led by presidential candidate Hong Joon-pyo, unveiled plans to drastically reform crypto regulations in an effort to stimulate innovation throughout the nation. This bold proposal aims to align with recent U.S. deregulatory steps, potentially paving the way for institutional adoption of cryptocurrencies like Bitcoin and Ethereum.
The proposed deregulation marks a significant shift in the crypto regulation landscape in South Korea. Hong Joon-pyo, backed by the People Power Party, has been vocal about advocating for more crypto-friendly policies. According to his statement, he intends to reform regulations as extensively as the Trump administration did in the United States.
Industry stakeholders and regulators have responded with mixed emotions to this announcement. Some see it as an opportunity to foster economic growth, while others are cautious about potential risks and market volatility that might arise. The proposed changes could significantly impact financial markets, leading to increased R&D investment and broader crypto adoption. Historical trends suggest a possible surge in trading volumes and narrowed price gaps on exchanges.
Prior regulations in 2017 led to limited foreign participation due to South Korea’s strict rules. Any deregulation could reverse these past approaches, ultimately promoting institutional involvement. Experts from Kanalcoin believe that aligning policies with U.S. deregulatory moves might stimulate innovation. However, the outcome will largely depend on legislative success and effective implementation of reforms.
Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing.
Author: Redaksi Media
Source: https://www.kanalcoin.com/south-korea-crypto-deregulation-push/
