South Korea’s Stock Exchange Chairman, Jeong Eun-bo, has called for the institutionalization of the country’s cryptocurrency market. He emphasized the need for a regulatory framework for the crypto market to navigate existing regulatory challenges effectively. Eun-bo also pointed out that South Korea should include virtual currency in institutional finance, as the average daily trading volume of virtual currencies has exceeded $13.9 billion, which is more than the domestic stock market.
Failure to do so could result in South Korea losing its competitive edge internationally.
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