South Korea's Hong Joon-pyo Drops Crypto Bombshell: Plans to Ditch Regulations Trump-Style!

Hong Joon-pyo's Game-Changing Crypto Move

South Korean presidential hopeful Hong Joon-pyo just threw down the gauntlet, vowing to scrap crypto regulations just like Trump did in the U.S. He's dead set on making blockchain the next big thing in the country.

Blockchain and Virtual Assets: The Future Industry?

At a sizzling policy event in Seoul on April 16, Hong declared he's ready to "dismantle regulations to the extent seen under the Trump administration" to skyrocket blockchain and virtual assets into a powerhouse industry.

Hong's Economic Vision: More Than Just Crypto

Hong, gunning for the People Power Party's presidential nod, laid out his economic, labor, and tech plans at a briefing. He rolled out 27 sizzling pledges, all about fueling private-sector growth, including heavy bets on AI, quantum tech, and superconductors.

Setting Himself Apart: Hong's Bold Strategy

By loudly linking deregulation with blockchain growth, Hong's carving out a unique spot among the candidates. It's all part of his national economic master plan. And get this—the presidential election, originally set for March 3, 2027, got bumped up to June 3 this year after Yoon Suk Yeol's dramatic impeachment and removal.

South Korea's Blockchain Craze: National Pension Service Joins the Party

Hong's crypto pledge vibes perfectly with South Korea's blockchain buzz. The National Pension Service, the world's third-largest public pension fund with a jaw-dropping $800 billion in assets, is now eyeing blockchain to crank up transaction transparency. And word on the street is, they've already sunk some cash into U.S. crypto exchange Coinbase.