Matrixport: The new president actively promotes cryptocurrency reforms in South Korea, but local market enthusiasm has yet to be fully boosted.

On June 4, Matrixport released a daily analysis saying, "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 pegged to the Korean won, and the relaxation of restrictions on institutional investors' access to the crypto market." In addition, Lee also plans to revise the current regulatory regulations on trading platforms and set up a "Digital Asset Committee" to promote the formulation and implementation of relevant policies such as the Basic Law on Digital Assets. These initiatives aim to align with global financial 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 promise of reform has not yet sufficiently boosted market enthusiasm." According to the Matrixport report chart, the daily trading volume of cryptocurrencies in South Korea is still near record lows, with a significant decline since the beginning of the year.