According to BlockBeats, Matrixport released a daily analysis stating that 'the newly elected 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 entering the crypto market. Additionally, Lee Jae-myung plans to revise current regulatory provisions for trading platforms and establish a 'Digital Asset Committee' to promote the formulation and implementation of related policies such as the (Digital Asset Basic Law). These measures aim to align with global financial development trends, strengthen South Korea's financial sovereignty, and accelerate the integration of digital assets into South Korea's mainstream economy. Despite the increasingly friendly regulatory environment, local cryptocurrency trading activity in South Korea remains relatively sluggish, and the President's reform commitments have yet to fully boost market enthusiasm.'
According to Matrixport's report chart, the daily trading volume of cryptocurrencies in South Korea is currently still close to historical lows, having significantly declined since the beginning of the year.
