According to TechFlow, on November 25, Kim Byung-hwan, chairman of the Financial Services Commission (FSC) of South Korea, said that he would not consider establishing a national Bitcoin reserve at this time.
Kim Byung-hwan pointed out that South Korea will observe other countries' reactions to Trump's cryptocurrency adoption plan before making a decision. He emphasized that the FSC currently prioritizes investor protection and remains vigilant about the rapid growth of the crypto asset market.
Although South Korea implemented the (Virtual Asset Protection Act) in July this year, regulators still need to carefully assess the actual impact of crypto assets on the economy.
