South Korean presidential candidate vows to deregulate crypto like Trump-era US

South Korean candidate Hong Joon-Pyo said that he was going to delete crypto rules like US President Donald Trump, aimed at making blockchain a key industry.

South Korean The presidential candidate Hong Joon-Pyo says that he would delete cryptographic regulations similar to the way they were canceled during the Trump administration in the United States, committing to stimulate blockchain in the country.

During a political event in Seoul on April 16, Hong declared that he “will dismantle regulations to the extent of the Trump administration point” in order to “promote blockchain and virtual assets as a single industry”, Yonhap News Agency reports.

Hong, a candidate for the presidential primary of the People Power power power, organized a political briefing focused on economics, work and science and technology. There, it would have announced 27 commitments focused on the growth of the private sector, in particular major commitments to future industries such as artificial intelligence, quantum technology and superconductors.

The position of Hong distinguishes it from other candidates by openly connecting the deregulation and development of blockchain with the national economic strategy. Initially scheduled for March 3, 2027, the presidential election in South Korea was advanced until June 3 of this year after the dismissal and withdrawal of Yoon Suk Yeol.

Hong’s commitment aligns with the country’s growing interest in blockchain. The National South Korea Service Pension Service, the third public pension fund in the world with more than $ 800 billion in management assets, will have sought to use blockchain to improve transparency of transactions. Like crypto.News reported Earlier, the Fund had also invested in Crypto Exchange Coinbase stocks based in the United States.