#SouthKoreaCryptoPolicy

Major Transformations in Cryptocurrency Policy in South Korea 🔹

🚀 With the arrival of President Lee Jae-myung to power, South Korea is witnessing significant changes in the digital asset sector. 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 protection for investors, especially after scandals like the Terra-Luna collapse, where new laws are expected to be implemented to regulate the market and reduce potential risks.

🏦 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.