South Korea Establishes Centralized Crypto Policy Framework

In a major shift, South Korea has centralized crypto regulation by launching a dedicated Digital Asset Committee. This committee aims to streamline policies and foster innovation in the nascent digital asset landscape. The initiative comes after years of fragmented rules, hindering growth in the industry. 🎧 🧠 This move focuses on unifying regulations and boosting user protections. Key proposals include creating a won-pegged stablecoin with participation from major exchanges like Upbit and Bithumb. These actions could significantly impact market dynamics and liquidity.