The cryptocurrency market welcomes a national-level "pump operator"!
Brothers, the South Korean crypto scene is about to change! New President Lee Jae-myung is directly going all-in on crypto policy, announcing plans for a Korean won stablecoin + crypto ETF. This move is comparable to a "national-level call to action", and South Korean retail investors are likely to collectively FOMO! 🔥
Remember, during his campaign in 2022, he was dubbed the "crypto presidential candidate". Although he narrowly lost at that time, this year he made a comeback with his hardcore move of "breaking through to Congress" and is now finally able to fulfill his promise of a "crypto powerhouse"!
📌 Lee Jae-myung's "wealth password" list:
1️⃣ Legalization of spot ETFs — Is a South Korean version of the "Bitcoin ETF" coming?
2️⃣ National pension fund participation — An $884 billion giant is preparing to buy the dip!
3️⃣ Korean won stablecoin system — Directly comparable to USDT, preventing capital outflow! (Lessons from Luna? Not a chance!)
The most intense part is that he plans to establish a "Digital Asset Regulatory Bureau", clearly aiming to upgrade the crypto market from "wild west" to "regular army". South Korean retail investors are ecstatic: Finally, they don’t have to worry while trading contracts!
⚠️ But... is it a steady PTSD warning?
Conservatives are going crazy dissing: "Is this guy trying to recreate another Luna?" After all, the Terra collapse makes South Koreans tremble at the mention of "Korean won stablecoin". But Lee Jae-myung's team retorts: "Algorithmic stablecoin ≠ collateralized stablecoin! If USDT can do it, why can't the Korean won?" (Logic is perfect!)
🌟 Current state of crypto in South Korea:
9.7 million certified players, with 78% of the big shots over 40 (Uncles and aunts are hoarding BTC!)
Trading volume is explosive, once flipping the stock market!
Income tax postponed to 2027, the government is giving you a "tax evasion" window (Those who know, know)
Summary: Lee Jae-myung is determined to institutionalize the South Korean crypto market. In the future, we may see: the national team pumping, the Korean won stablecoin targeting USDT, ETF approval... Brothers, keep a close eye on South Korean policies; the next wave of market movement might just be hidden here!
