South Korea's Democratic Party wins election, promised to allow Bitcoin spot ETF
Bitcoin Archive posted on X platform stating that the pro-Bitcoin party, the Democratic Party of Korea, has won the parliamentary elections and will form the government.Previously, the Democratic Party of Korea promised to lift restrictions on ETFs (including US Bitcoin products) that directly hold tokens. It is reported that over 6 million Koreans (over 10% of the population) own Bitcoin or cryptocurrencies.
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Bitcoin’s ability to maintain its market dominance without significant price appreciation remains a key consideration, particularly as legacy cryptos show renewed strength.The following is an excerpt from The Block’s Data and Insights newsletter.
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