#SouthKoreaCryptoPolicy Lee Jae-myung, a leftist who is not afraid of the crypto world or capitalism, has promised to launch a stablecoin backed by the won (South Korean currency) to curb capital flight.

The new head of state has bold plans for government integration and the legitimization of cryptocurrencies, digital assets that, in other parts of the world, are often associated with currencies used by organized crime to launder their capital.