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FIRST MOVER: What South Korea's Elections Mean for Crypto; The Potential for Spot BTC and ETH ETFs in Hong Kong

CoinDesk Podcast Network

CoinDesk

Cryptocurrencies, Cryptocurrency, Dlt, Tokenization, Coindesk, Distributed Ledger, Blockchain, Tech News, Business News, Ethereum, Bitcoin, News, Digitalassets, Daily News, Decentralization, Defi, Crypto, Business

4.8689 Ratings

🗓️ 13 April 2024

⏱️ 20 minutes

🧾️ Download transcript

Summary

Crypto Council for Innovation Chief APAC Analyst Sean Lee discusses the state of crypto adoption and regulation in Asia.

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Crypto Council for Innovation Chief APAC Analyst Sean Lee breaks down the state of crypto in Asia. He focuses on the impact of South Korea's latest election on digital assets. Plus, the possibility of the spot bitcoin and ether ETF approval in Hong Kong, and which regions are leading the pack when it comes to crypto adoption in Asia.

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This episode was hosted by Jennifer Sanasie. “First Mover” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen.

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Transcript

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0:49.6

There are some jurisdictions around the world that are progressing throughout that direction,

0:54.4

but Hong Kong, if they do approve for Bitcoin and Ether ETF at the same time,

0:59.9

that would certainly be a first around various different jurisdictions in the world.

1:03.6

Sometimes I get caught up in what's going on in the United States,

1:07.0

especially since the SEC continues to bring enforcement actions against crypto firms who have ties to the U.S.

1:13.5

And there's been no clear legislation or rule set force for the industry.

1:18.1

And I think anyone who's following what's going on in the industry can feel the frustration from crypto firms who have had to deal with the regulator.

1:25.2

But when I look at what's going on in the rest of the world,

1:28.2

it seems like crypto adoption and regulation is moving forward at a much faster pace.

1:34.1

South Korea just had an election that could have a pretty big impact

1:37.7

on the future of crypto adoption in the country,

1:40.9

which is already very accepting of crypto.

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