South Korea has launched a Digital Asset Committee to centralize cryptocurrency regulation, addressing the current policy fragmentation. The committee aims to modernize the regulatory framework, highlighting the need for reform beyond the restrictive "one exchange, one bank" system.
The initiative encourages a unified digital asset framework, including proposals for a won-pegged stablecoin with involvement from major exchanges. This has become particularly popular among younger voters.
South Korea's move mirrors Singapore's regulatory model, potentially enhancing financial transparency and technological advancements in the blockchain sector, positioning the nation as a leader in Asia's cryptocurrency landscape.
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