Matrixport: The new president actively promotes cryptocurrency reforms in South Korea, but has yet to fully boost market enthusiasm
FXH Non-Small Number News: Matrixport released today's chart stating that the new president of South Korea, 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 on institutional investors entering the cryptocurrency market. Additionally, Lee Jae-myung plans to revise the current regulatory provisions for trading platforms and establish a 'Digital Asset 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, local cryptocurrency trading activity in South Korea remains relatively sluggish, and the president's reform commitments have yet to fully stimulate market enthusiasm.
