According to BlockBeats, Matrixport released a daily analysis stating that the new South Korean president, Lee Jae-myung, is actively promoting a series of cryptocurrency reform measures, clearly supporting the legalization of spot Bitcoin ETFs, issuing stablecoins pegged to the Korean won, and easing restrictions for institutional investors to enter the crypto market. Furthermore, Lee Jae-myung plans to revise the current regulations on trading platforms and establish a 'Digital Asset Committee' to promote the formulation and implementation of relevant policies such as the 'Fundamental Law on Digital Assets'. These measures aim to align with global financial development trends, strengthen South Korean financial sovereignty, and accelerate the integration of digital assets into South Korea's mainstream economy. Despite the increasingly friendly regulatory environment, the local crypto trading activity in South Korea remains relatively sluggish, and the president's reform commitments have not yet sufficiently boosted market enthusiasm.
According to Matrixport's report charts, the daily trading volume of cryptocurrencies in South Korea is still close to historical lows, having significantly decreased since the beginning of the year.
