#SouthKoreaCryptoPolicy Major changes in cryptocurrency policy in South Korea 🔹
$XRP $UMA $TUT
🚀 With the arrival of President Lee Jae-myung to power, South Korea is witnessing substantial changes in the digital asset sector. The key plans include:
✅ Launch of a stablecoin backed by the Korean won
✅ Approval of spot Bitcoin exchange-traded funds (ETFs)
✅ Banking reforms to enhance transparency in digital transactions
⚖️ In return, regulators are working to enhance investor protection, especially after scandals like the Terra-Luna collapse, where new laws are expected to be put in place to regulate the market and reduce potential risks.
🏦 South Korean banks are also seeking financial reforms that will allow them to enter the digital asset market, paving the way for a new wave of investments.
