Recently, South Korea's cryptocurrency policy has taken a new direction, which could affect the future of the coins in our hands!

The South Korean government has maintained strict regulations on cryptocurrencies. For instance, they previously implemented the 'Travel Rule,' requiring exchanges to verify the sender and receiver information for cryptocurrency transfers to prevent money laundering. Now, they are discussing strengthening regulations on DeFi and NFTs.

What does this indicate? On one hand, stricter regulations may put pressure on the market in the short term, as compliance costs increase, and some smaller exchanges may be eliminated. On the other hand, in the long run, a standardized market environment is more conducive to healthy industry development and will attract more institutional investors to the market.

How do you think South Korea's cryptocurrency policy will impact the global market? Will it be a case of bad news being fully priced in, or will it trigger a new wave of regulatory storms? Share your thoughts in the comments!