South Korea, a country where 5G is faster than your thoughts, and grandma can beat you at StarCraft, has decided that the time has come: it's time to reform crypto. President Lee Jae-myung, a man who looks like an IT guy but thinks like a technocrat-revolutionary, is going all-in: he wants to make South Korea a global crypto Mecca.
And now — attention — the National Pension Fund (i.e., the seniors' piggy bank) may start investing in cryptocurrency. Imagine this — 72-year-old Mrs. Park from Busan, who has saved her whole life for a new microwave, will now depend on whether Bitcoin hits $110,000 or drops -30% again due to a tweet from Elon Musk.
Madness? Perhaps. Genius? Maybe.
Truly Korean? Absolutely.
But this is just the beginning.
DABA Law:
If you think 'DABA' sounds like a K-pop group — you are right. But it’s not BLACKPINK, it’s the Digital Asset Basic Act — a plan to establish 'clear rules' for crypto exchanges, traders, and stablecoins. So now, when you decide to 'dive into altcoins by volume', it won’t just be gambling, but part of a regulated economy. Almost like a casino — only with a license and tax!
Stablecoin in South Korean won:
And this is the real cherry on top. Koreans want to create their own stablecoin backed by fiat.
Centralized.
Under government control.
No room for error.
Official goal?
– Simplify cross-border transactions.
– To protect local investors.
– And of course, to gain full control over capital movement.
But don’t worry — it’s for the greater good, right?
What could possibly go wrong if the government issues a digital currency, monitors every transaction, and stores your wallet on a government server?
Spoiler: everything.
What about ETFs?
Oh, this is a wonderful plan!
In a country where you could previously be fined for advertising crypto exchanges, they are now proposing to legalize spot ETFs for Bitcoin.
Because if the world has gone mad, then pension funds should also join this circus.
So, what do we have?
– Crypto is legal.
– Pensioners in Bitcoin.
– The government issues stablecoins.
– And those who miss the boat will later have to play catch-up on Klaytn and Luna 3.0.
Just imagine — in 2026, you’re sitting in the Seoul subway, and next to you, a grandpa is trading options on Ethereum through a holographic DeFi interface.
This is the South Korea of the future.
And you know what? They will do it. Because they are not just enacting laws — they are turning crypto into a national project.