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Major Transformations in Cryptocurrency Policy in South Korea 🔹
$XRP $UMA $TUT
🚀 With the arrival of President Lee Jae-myung to power, South Korea is witnessing significant changes in the digital asset sector. The key plans include:
✅ Launching a stablecoin backed by the Korean won
✅ Approving spot Bitcoin exchange-traded funds (ETFs)
✅ Banking reforms to enhance transparency in digital transactions
⚖️ In return, regulators are working to strengthen 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 allow them to enter the digital asset market, paving the way for a new wave of investments.
