Kim Moon Su (Kim Moon-i) said that state institutions, including the National Pension Service of South Korea (NPS) and the Korean Investment Corporation (KIC), will be able to buy virtual assets. Last year, the NPS, the third largest pension fund in the world, has already begun to indirectly invest in Bitcoin through the acquisition of shares of the American company Microstrategy and Coinbase crypto officers. If NPS and KIC begin to directly invest in bitcoin and other digital assets, this will strengthen the reputation of the cryptor, the politician is sure.
“Changes occur in internal and international economies, and we can no longer deny the existence of virtual assets. Many young people make money on them, although some lose funds in cryptocurrency. Therefore, if I win the elections, I will try to make the crypto nestle more stable, opening access to it for large companies, ”said Kim Moon Su.
The Democratic Party of the Republic of Korea, the main competitor of the “Forces of the People”, also raised the question of the development of crypto industry in the country, offering local regulators to approve the exchange funds (ETF) to Bitcoin. Recently, the Democrats reported that they are ready to cancel the restrictions that prevent banks from serving cryptocurrency exchanges. The party also promised that it would allow corporations to buy crypto assets.
Many senior officials of the Democratic Party advocate the creation of a national strategic reserve in cryptocurrency. However, the financial supervision commission of South Korea (FSC) called the idea of a crypto -cutter far from reality.
Source: Bits
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