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South Korean Central Bank Governor Expresses Concerns Over Won Stablecoin #won #bank According to Foresight News, South Korean Central Bank Governor Rhee Chang-yong stated at a press conference in Seoul on Wednesday that while he does not oppose the issuance of a won-backed stablecoin, it could facilitate easier exchanges with dollar stablecoins. This, in turn, might increase demand for dollar stablecoins, complicating foreign exchange management. Last month, Rhee warned that stablecoins issued by non-bank entities could undermine the effectiveness of monetary policy and capital flow controls. He emphasized that the central bank should lead the regulation of stablecoins linked to the won. Earlier this month, South Korea's ruling party introduced a digital asset basic bill aimed at establishing the necessary regulatory infrastructure to assist Korean companies in issuing won-backed stablecoins.
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#MyTradingStyle 👉🧠Unveiling #MyTradingStyle: A Journey of Discipline and Discovery 📈 #MyTradingStyle Every trader, much like every artist, has a unique style that defines their approach to the market. It's a blend of personality, risk tolerance, analytical prowess, and countless hours of screen time. When we talk about #MyTradingStyle, we're not just discussing a set of rules; we're delving into a personal philosophy that guides every buy and sell decision. So, what does my trading style look like? Let's peel back the layers. The Foundation: Discipline & Patience 🙏 At the core of my trading style lies an unwavering commitment to discipline and patience. The markets can be a tempting siren, luring you into impulsive decisions with promises of quick riches. However, I've learned that true success isn't about catching every wave, but about waiting for the right wave. This means: * Sticking to the Plan: Before every trade, I have a clear entry point, exit point (both profit target and stop-loss), and position size. Deviating from this plan is a cardinal sin in my book. 🚫 * No FOMO (Fear Of Missing Out): If I miss an entry, I don't chase the trade. There will always be another opportunity. Patience is my superpower in avoiding emotional pitfalls.🧘♀️ Analytical Approach: A Blend of Technicals & Fundamentals 📊💡 While I lean heavily on technical analysis to time my entries and exits, I never neglect the broader picture painted by fundamental analysis. * Technical Triggers: I primarily focus on price action, support and resistance levels, and specific candlestick patterns. Volume analysis is also crucial for confirming trends. My charts often look clean, without excessive indicators, focusing on what price is truly telling me. 📉📈 * Fundamental Filters: Before even looking at a chart, I consider the macroeconomic landscape, industry trends, and company-specific news (for stocks). This helps me filter out highly volatile or fundamentally weak assets, ensuring I'm only putting my capital into sound opportunities. 📰💰
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#GENIUSActPass The U.S. Senate passed the GENIUS Act in a 68-30 vote, marking the first major crypto bill to ever clear the Senate. The bill now moves to the House, which must decide whether to advance its own version or take up the Senate’s bill. 💬 What impact do you think the GENIUS Act will have on the crypto industry if it becomes law? What role would stablecoins play in the future of finance? Share your thoughts! #MyTradingStyle Every trader develops a unique style shaped by their personality, risk tolerance, and goals. Whether you’re conservative or aggressive, your trading style influences the strategies you use and your overall results. 💬 What’s your unique trading style? Share your favorite strategies and why they work for you. 👉 Complete daily tasks on Task Center to earn Binance Points: • Create a post using #GENIUSActPass , #MyTradingStyle or the $USDC cashtag • Share your Trader’s Profile, • Or share a trade using the widget to earn 5 points! (Tap the “+” on the Binance App homepage and select Task Center) Activity Period: 2025-06-18 06:00 (UTC) to 2025-06-19 06:00 (UTC) Rewards are first-come, first-served, so don’t forget to claim your points daily! 🚨 Trader’s League Season 2 is live: Create a post with the Trade Sharing widget and #TradersLeague to unlock extra rewards! 👉 Full T&Cs here 👉 Explore Trader’s League
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