"Virtual Asset Spot ETF, the Most Likely Coin Pledge to be Realized Soon"

Asian Web3 specialized research and consulting firm Tiger Research announced on the 23rd that it published a report on June 3 analyzing the impact of the South Korean presidential election on the global Web3 market.

According to the report, the size of South Korea's virtual asset market is estimated at a daily trading volume of 7.3 trillion KRW and 9.7 million active users. The report stated, "These figures are the third largest after the United States and China," and "The outcome of this presidential election will have a significant impact on the global Web3 market as it serves as an indicator of success for global projects entering Asia."

The report further suggested four major changes expected after the election: △ End of virtual asset tax deferral, △ Introduction of virtual asset spot Exchange-Traded Funds (ETFs), △ Change in the one-exchange-one-bank system, △ Introduction of KRW stablecoins (virtual assets linked to the value of legal currency).

Additionally, the report analyzed that the virtual asset spot ETF is expected to be realized the fastest as all major candidates, including Lee Jae-myung, Kim Moon-soo, and Lee Jun-seok, have proposed it as a pledge. On the other hand, the abolition of the one-exchange-one-bank principle and KRW stablecoins are classified as mid- to long-term tasks.

Yoon Seung-sik, a senior researcher at Tiger Research, said, "Although Web3-related policies are not included as major pledges by most candidates, the change itself is inevitable," and "Investors and market participants should prepare in advance for policy changes."