Major Transformations in Cryptocurrency Policy in South Korea 🔹
$XRP $UMA $TUT
🚀 With the election of President Lee Jae-myung, South Korea is witnessing significant changes in the digital assets sector. The main plans include:
✅ Launching a stablecoin backed by the Korean won
✅ Approval of spot Bitcoin exchange-traded funds (ETFs)
✅ Banking reforms to enhance transparency in digital transactions
⚖️ In return, regulators are working to enhance investor protection, especially after scandals like the Terra-Luna collapse, where new laws are expected to be implemented to regulate the market and mitigate potential risks.
🏦 South Korean banks are also seeking financial reforms that allow them to enter the digital assets market, paving the way for a new wave of investments.
