#韩国加密政策

South Korea's recent new cryptocurrency policy is essentially a high-difficulty tightrope act of "managing tightly while allowing for freedom." The success or failure directly affects the reshaping of the East Asian cryptocurrency market, but to claim it can unify the industry? That's still too early!

You see, South Korea's recently introduced "Basic Law on Digital Assets" is fundamentally built on copying Japan's homework while adding its own tweaks. They want to learn from Japan's meticulous management while aiming to be more open than Singapore. For instance, empowering industry self-regulatory organizations is much more flexible than Hong Kong's rigid approval system. But here's the problem: being too strict might scare away businesses, and being too lenient could lead to a repeat of the LUNA collapse tragedy.

The most aggressive move is having the national pension fund invest in cryptocurrencies. Just think, if even the national team is getting involved, how can those hesitant institutional investors remain on the sidelines? Japan and Australia's pension funds are probably watching quietly; as soon as South Korea reaps the benefits, the follow-up army will be quick to arrive.

However, to say it can become the leader in Asia, it's still too early to conclude. Can the South Korean won stablecoin challenge USDT? Let's see if it can first pass the dollar reserve hurdle. The digital yuan is watching closely, and the undercurrents of the China-U.S. rivalry are stirring; being a middleman for South Korea is no easy task. What this experiment will ultimately produce, let’s wait and see!