#SouthKoreaCryptoPolicy

The new president of South Korea, Lee Jae-myung, is expected to lead significant reforms in cryptocurrencies, including:

🔹 Enact the Digital Asset Basic Act (DABA): regulation of stablecoins, clearer rules for cryptocurrency companies, and a self-regulatory body for the industry

🔹 Support spot cryptocurrency ETFs and allow the National Pension Service to invest in digital assets

🔹 Propose a centralized stablecoin backed by fiat in Korean won, intended for cross-border use and to protect local investors