#SouthKoreaCryptoPolicy

What are your opinions on the new South Korean president regarding cryptocurrencies?

The new president of South Korea, Lee Jae-myung, is expected to lead projects for reforms in cryptocurrencies, including:

-Promulgate the Digital Asset Basic Law (DABA): regulation of stablecoins.

-Support spot cryptocurrency ETFs and allow the National Pension Service to invest in digital assets.

-Propose a centralized stablecoin backed by fiat in Korean won, intended for cross-border use and to protect local investors.