Matrixport: New President Actively Promotes South Korea's Crypto Reforms, Local Market Enthusiasm Yet to Be Fully Boosted

Matrixport's daily analysis states, "The new South Korean President Lee Jae-myung is actively promoting a series of cryptocurrency reform initiatives, clearly supporting the legalization of spot Bitcoin ETFs, the issuance of stablecoins pegged to the Korean won, and easing restrictions on institutional investors entering the crypto market. Additionally, Lee Jae-myung plans to revise current regulatory provisions for trading platforms and establish a 'Digital Asset Committee' to promote the formulation and implementation of policies such as the 'Basic Law on Digital Assets.' These measures aim to align with global financial development trends, strengthen South Korea's financial sovereignty, and accelerate the integration of digital assets into South Korea's mainstream economy. Despite the increasingly friendly regulatory environment, local crypto trading activity in South Korea remains relatively sluggish, and the president's reform commitments have yet to fully boost market enthusiasm." According to Matrixport's report charts, South Korea's cryptocurrency trading volume is still near historical lows, having significantly declined since the beginning of the year.