Matrixport: New president actively promotes crypto reform in South Korea, but local market enthusiasm has not been fully boosted

According to a daily analysis published by Matrixport, "The new South Korean President Lee Jae-myung is actively promoting a series of cryptocurrency reform measures, explicitly supporting the legalization of spot bitcoin ETFs, the issuance of stablecoins anchored to the Korean won, and easing restrictions on institutional investors to enter the crypto market. In addition, Lee Jae-myung also plans to revise the current regulations on trading platforms and establish a" digital asset committee "to promote the formulation and implementation of related policies such as the Basic Law of Digital Assets. These measures are designed to conform to the global financial development trend, strengthen South Korea's financial sovereignty, and accelerate the process of integrating digital assets into the mainstream economy of South Korea. Despite the increasingly friendly regulatory environments, the active level of crypto trading in South Korea is still relatively low, and the president's reform promises have not fully boosted market enthusiasm." According to the Matrixport report chart, South Korean cryptocurrency trading volume is still near historical lows, having declined significantly since the beginning of the year.