#SouthKoreaCryptoPolicy South Korea Moves to Blockchain — Pensioners with Bitcoin, Officials with Stablecoins

South Korea, a country where 5G is faster than your thoughts and grandma can beat you in 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 specialist but thinks like a technocrat-revolutionary, is going all in: he wants to make South Korea the world's crypto Mecca.

And now — pay attention — the National Pension Fund (that is, the elderly's piggy bank) may start investing in cryptocurrency. Imagine — 72-year-old Ms. Park from Busan, who has saved her whole life for a new microwave, will now depend on whether Bitcoin hits $110,000 or falls again by -30% because of a tweet from Elon Musk.