According to Odaily, Ki Young Ju, the founder and CEO of CryptoQuant, announced on the X platform that he plans to delete a previous tweet directed at Elon Musk. This decision comes in response to South Korean lawmakers passing a resolution to lift a ban.
The move by South Korea's National Assembly marks a significant shift in the country's regulatory stance, prompting Ki Young Ju to retract his earlier appeal to Musk. The resolution's approval indicates a change in the legislative environment, which has been closely monitored by industry leaders and stakeholders. This development is expected to have implications for the cryptocurrency sector in South Korea, potentially influencing market dynamics and regulatory approaches.
Ki Young Ju's decision to remove the tweet underscores the impact of legislative actions on individual and corporate strategies within the crypto industry. As the regulatory landscape evolves, industry participants are likely to adjust their communications and operations to align with new legal frameworks. The lifting of the ban is seen as a positive step towards fostering a more open and supportive environment for cryptocurrency activities in South Korea.