South Korean President Lee Jae-myung is pushing forward a series of cryptocurrency reforms aimed at fostering industry growth. He’s advocating for the legalizing of spot Bitcoin ETFs, the issuance of stablecoins pegged to the Korean won, and relaxed regulations for institutional investors entering the crypto market. To further support these initiatives, he plans to revise existing trading platform rules and establish a dedicated ‘Digital Asset Committee’ responsible for developing and implementing policies like the proposed ‘Basic Law on Digital Assets.’ These moves are meant to align with global financial trends, enhance South Korea’s economic autonomy in digital assets, and integrate them into the nation’s wider economy. However, despite the increasing regulatory landscape, cryptocurrency trading activity in South Korea remains muted. Matrixport’s report reveals that daily trading volumes have continued to decline since the start of the year, reaching historic lows compared to previous activity levels.