🇰🇷South Korea Accelerates Crypto Regulation Following the U.S. GENIUS Act.
South Korea is stepping on the gas in cryptocurrency regulation. Driven by the recent U.S. GENIUS Act, the ruling South Korean party aims to expedite new laws for Bitcoin and other cryptocurrencies, prioritizing investor protection and business development.
This strategic move includes the development of a stablecoin linked to the Korean won by Korea Investment and Securities, aimed at simplifying daily payments and transfers. With over 25% of South Koreans aged 20 to 50 owning crypto assets, and 70% planning to increase their investments, South Korea seeks to consolidate its leadership in the global digital financial landscape.
