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South Korea Accelerates Crypto Reform with Focus on Stablecoins and Market Growth
South Korea Accelerates Crypto Reform with Focus on Stablecoins and Market Growth
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BTCCSquare news:
South Korea's government is advancing pro-business cryptocurrency reforms, with stablecoin regulations taking center stage. The Presidential Committee on State Affairs unveiled a five-year plan on August 13, highlighting 123 key tasks—including the development of a digital asset ecosystem and expansion of the domestic crypto market.
President Lee Jae-myung's administration, inaugurated in June, has prioritized deregulation and won-pegged stablecoin issuance. Major financial institutions and tech firms are already responding, filing trademarks and accelerating crypto-related initiatives. The MOVE signals a strategic push to position South Korea as a leader in digital asset innovation.
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