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In at present’s episode of The Crypto FOMO Video games: South Korea.
This is what they have been cooking these days (and why you need to care):
1/ Decreasing charges
South Korea’s monetary watchdog (the FSC) is reportedly gonna examine how a lot native crypto exchanges are charging in transaction charges – and whether or not it is an excessive amount of.
If wanted, they may step in to control it.
This strains up with what South Korea’s new president, Lee Jae-myung, promised: to scale back crypto buying and selling charges from 0.05% to 0.015%.
👉 And that is good as a result of: decrease charges = extra participation = extra liquidity.
2/ Spot ETFs on the way in which
The FSC can be planning to permit native spot crypto ETFs within the second half of the yr.
The ETFs had been beforehand banned as a result of regulators thought-about crypto too dangerous. That appears to be altering, although.
👉 And that is good as a result of ETFs let individuals spend money on crypto by means of TradFi instruments – key for attracting larger buyers and establishments.
3/ Stablecoins on the way in which, too
That very same roadmap features a plan to raise the ban on Korean won-based stablecoins.
👉 And that is good as a result of it might give customers entry to a neighborhood, government-approved digital foreign money – the right entry level for brand spanking new customers = broader adoption.
Btw, in the event you’re not South Korean and browse this like “do not care, not my nation” 🙄 – DING DONG YOUR OPINION IS WRONG.
South Korea’s one of many greatest crypto markets on the planet. By the tip of 2024, individuals there have been holding over $75B in crypto.
And so, when their regulators make adjustments like this, it is not simply native information – the impression might be felt all over the place.
Now you are within the know. However take into consideration your mates – they in all probability do not know. I’m wondering who might repair that… 😃🫵
Unfold the phrase and be the hero you recognize you’re!
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