According to BlockBeats, Matrixport released a daily analysis stating that "the new South Korean President Lee Jae-myung is actively promoting a series of cryptocurrency reform measures, clearly supporting the legalization of spot Bitcoin ETFs, issuing stablecoins pegged to the Korean won, and easing restrictions for institutional investors entering the crypto market. Additionally, Lee Jae-myung plans to revise the current regulatory framework for trading platforms and establish a 'Digital Assets Committee' to promote the formulation and implementation of related policies such as the 'Basic Law on Digital Assets.' These measures aim to align with global financial development trends, strengthen South Korea's financial sovereignty, and accelerate the integration of digital assets into South Korea's mainstream economy. Despite the increasingly friendly regulatory environment, the activity level of local cryptocurrency trading in South Korea remains relatively sluggish, and the President's reform commitments have not yet sufficiently boosted market enthusiasm."
According to Matrixport's report charts, South Korea's daily cryptocurrency trading volume is still close to historical lows and has significantly declined since the beginning of the year.
