South Korea’s new president, Lee Jae-myung, is pushing crypto-friendly policies, exciting the nation’s 18 million crypto investors. His administration plans to legalize spot Bitcoin ETFs, support a won-based stablecoin to keep wealth in the country, and ease strict banking rules for crypto exchanges. The Digital Asset Committee, led by lawmaker Min Byoung-dug, aims to pass the Digital Asset Basic Act (DABA) this year for clearer regulations. Kim Yong-beom, a former Hashed Research CEO, was appointed Chief Policy Officer, signaling strong pro-crypto moves. These changes aim to boost innovation and reduce capital outflows, though trading volumes remain low. South Korea’s crypto market is set to grow.
