South Korean President Unveils Crypto Reforms: New Era Begins

Newly elected South Korean president Lee Jae-myung has taken a bold step forward, advocating for crypto integration within the nation’s financial framework. His administration plans to legalize Bitcoin ETFs and encourage institutional investment in digital assets, including the $884 billion National Pension Fund. These measures are aimed at driving growth and legitimizing cryptocurrencies. The potential launch of a KRW-backed stablecoin, mirroring G20 economic policies, could further solidify South Korea’s position as a pioneer in the field.