South Korea's FSC Chair Nominee: Cryptocurrencies Lack Intrinsic Value
2025-09-01 10:12:19
Lee Eog-weon, the nominee for the chairpersonship of the South Korean Financial Services Commission (FSC), said in a written response to the confirmation hearing that cryptocurrencies lack intrinsic value and cannot be used as a store of value or medium of exchange due to high volatility. He also expressed concern about pension investments in crypto assets. The remarks immediately triggered a backlash from the South Korean crypto industry, which saw its views as backwards, especially at a time when global institutions are actively adopting cryptocurrencies. It is worth noting that Lee Seo-won is open to stablecoins, saying that he will support the local stablecoin development plan in South Korea, seeking a balance between innovation and regulation.
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韩国FSC主席提名人：加密货币缺乏内在价值
