South Korea Chairman Young Yun OPPO believes that South Korea should provide trading boxes in encryption exchanges to remain relevant in the global digital financial scene.
In an interview with him recently with the local Korean media on February 9, 2025, Jong indicated that global digital markets had already adopted the circulating investment funds. If active measures are not taken, South Korea may be behind the markets that already have an advantage over it.
“South Korea is the third largest cryptocurrency dealer in the world. ETF before it is too late.
KRX Chairman called for the introduction of the investment funds circulating in South Korea to ensure the country remains a competition.#Southkorea #ETFShttps://t.co/3GY7UFLL4R
– Cryptonews.com (Cryptonews) February 10, 2025
For example, he indicated the availability and circulation of the active Bitcoin and ETF future in the United States. According to Jung, the approval of Crypto’s investment funds in a new lease contract for the country’s financial sector can breathe.
The American market currently includes 20 products circulating in the encrypted currency, including options based on both sites and future contracts. These include 12 points of investment funds circulating in Bitcoin, 8 investment funds in the Bitcoin strategy, and 9 ETHEREM ETFS spot.
The ETF scene still still includes other digital assets as well. Asset managers provided ETF applications to include cryptocurrencies such as Solana and XRP. They are also thinking about Meme currencies like Dogecoin to get ETF.
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The financial sector in South Korea faces many challenges. The country’s investor base shrinks at a rate that vows by danger. Jung also reminds Zombie companies – troubled companies, working on borrowed money. The country recently witnessed a mass emigration of investors from the stock market, as President Yoon Sok Yol tried to declare martial laws.
Young states that in the past, Korea has a “fastest -follower” strategy. However, recently, the country has left the main areas such as artificial intelligence. Investors in the country are no longer sure of the profitability of well -known companies such as Samsung in the ten years to the next.
According to Jung, it can stimulate the investment funds traded in the encrypted currency in the encryption market in South Korea. It can provide the country’s investors with ease of access to safe and well -organized digital assets. This will allow the country’s financial scene to update, as he believes.
Young also shared that the regulations should be reasonable. He believes that excessive legislation suffocates innovations. To this end, Jung also wants to reduce restrictions on investing the pension fund in stocks. It maintains excessive limits and regulation on high -risk assets can harm long -term investments.
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There are others who resonate with the logic of Young. The President of the Korea Financial Investment Association, SEO YOO-CEOK, prompted the launch of the Bitcoin and ETHEREUM investment funds in the country during a press conference on February 5.
SEO, “Everyone thinks about virtual assets as an investment goal for the MZ generation (Millennium Generation + Jel Z), but people in the fifties and sixties of life also have a great interest in demanding virtual assets”, “
He also referred to developments in the United States. With President Trump Push encrypted and his positive stance on Bitcoin as a strategic reserve. South Korea suggests a reconsideration of its position on the investment funds circulating in the encrypted currency to remain competitive globally.
This comes as the South Korean exchange market is subject to contraction. There are still 31 exchanges of encryption in South Korea, from 42 in 2024. GDAC, Probit, Huobi Korea and Bitrade are among those that closed its operations.
These exchanges work primarily as symbolic platforms only and suffer from capital erosion, which ultimately leads to closing them. Recently, Upbit has been organized to violate 700,000 KYC and AML obligations and is now facing a comment.
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Beyond South Korea in a basin or swimming, you should agree to the investment funds circulating in encryption or first appeared on 99bitcoins.