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Matrixport: The new president is actively promoting South Korea's crypto reform, but the enthusiasm of the local market has not yet been fully boosted."

According to online reports, Matrixport released a daily analysis saying,"The new South Korean President Lee Jae-myung is actively promoting a series of cryptocurrency reform measures, clearly supporting the legalization of spot Bitcoin ETFs, the issuance of stablecoins anchored in the Korean won, and relaxing institutional investors 'access to the crypto market restrictions. In addition, Li Zaiming also plans to revise the current regulatory regulations on trading platforms and form a "Digital Assets Committee" to promote the formulation and implementation of the Basic Law on Digital Assets and other related policies. These measures aim to comply with global financial development trends, strengthen South Korea's financial sovereignty, and accelerate the integration of digital assets into South Korea's mainstream economy. Despite the increasingly friendly regulatory environment, local crypto trading activity in South Korea remains relatively sluggish, and the president's reform commitments have not yet fully boosted market enthusiasm." According to the Matrixport report chart, South Korea's cryptocurrency trading volume is still near historical lows, declining significantly since the beginning of the year.

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