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Meme早班车:
$MOMMY to 10B
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On January 15, the Korean movie "Crypto Man" was released. The prototype is LUNA and its founder. Luna was replaced by $MOMMY in the movie. As we all know, the cryptocurrencies born in the bear market due to the movie "All or Nothing" have increased by hundreds of times.
So will the movie adapted from the LUNA prototype explode? As we all know, how crazy Koreans are in speculating on cryptocurrencies!
Movie name $CrytoMan
HXvgGBc1Wzjzip7dspGnQMXa61H46bLG5yXc3pLTpump (As long as the movie is popular, this coin will increase by at least ten times, and there is also a risk of loss. It is recommended not to buy too much. The market value is less than 150,000. There is a risk of gambling. Profits and losses are at your own risk)
The encrypted token that made the protagonist rich in the movie #MOMMY
BAz1wWpdyJQT2bxM3SiwVJQ55C35cKpJs7xxGizepump (the current market value is 2.15 million. It feels like there is a banker. You can also buy it. It’s just a matter of multiples. As long as the movie is popular and the market is touched, it will rise at will) The coin market will definitely be good on January 20th because Trump came to power! #memecoin #韩国 #牛市到来 $BTC $SOL
So will the movie adapted from the LUNA prototype explode? As we all know, how crazy Koreans are in speculating on cryptocurrencies!
Movie name $CrytoMan
HXvgGBc1Wzjzip7dspGnQMXa61H46bLG5yXc3pLTpump (As long as the movie is popular, this coin will increase by at least ten times, and there is also a risk of loss. It is recommended not to buy too much. The market value is less than 150,000. There is a risk of gambling. Profits and losses are at your own risk)
The encrypted token that made the protagonist rich in the movie #MOMMY
BAz1wWpdyJQT2bxM3SiwVJQ55C35cKpJs7xxGizepump (the current market value is 2.15 million. It feels like there is a banker. You can also buy it. It’s just a matter of multiples. As long as the movie is popular and the market is touched, it will rise at will) The coin market will definitely be good on January 20th because Trump came to power! #memecoin #韩国 #牛市到来 $BTC $SOL
Meme Enthusiasts:
MOMMY洗盘结束,起飞在即！
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#MOMMY
BAz1wWpdyJQT2bxM3SiwVJQ55C35cKpJs7xxGizepump
The late South Korean star Song Jae-rim's final film "Cryptoman" will be released on January 15, 2025. The film develops the token $MOMMY, triggering a $34.9 billion cryptocurrency market speculation event, leading the entire cryptocurrency community to go crazy for $MOMMY. The film also mentions the world's richest man Elon Musk, with multiple narratives. Looking forward to the explosion #memecoin #韩国 $SOL $BTC
BAz1wWpdyJQT2bxM3SiwVJQ55C35cKpJs7xxGizepump
The late South Korean star Song Jae-rim's final film "Cryptoman" will be released on January 15, 2025. The film develops the token $MOMMY, triggering a $34.9 billion cryptocurrency market speculation event, leading the entire cryptocurrency community to go crazy for $MOMMY. The film also mentions the world's richest man Elon Musk, with multiple narratives. Looking forward to the explosion #memecoin #韩国 $SOL $BTC
Meme Enthusiasts:
$MOMMY is about to fly!
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The South Korean cryptocurrency movie 'Cryptoman' will be released on January 15, 2025. The film is based on the true events of the $34.9 billion crash of 58298221935, where the protagonist issued a token named #MOMMY (prototype Luna), triggering a nationwide speculation event. According to public information, the film is produced by K-Play Contents, a South Korean conglomerate with a background in the cryptocurrency space, and the eponymous token 88612205395 chain $MOMMY has already been pre-issued and will coincide with the movie.
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MOMMY, the cryptocurrency in the South Korean movie cryptoman, will be released on January 15th. By then, many South Koreans are expected to know about it, gaining considerable exposure and interest. Currently, it has a market value of 1.8 million.
I just checked the Telegram community, and the MOMMY community is very professional, with members speaking Chinese, English, and Korean.
At the moment, the English community has the most members, followed by the Chinese community, and the Korean community has the least.
If a large Korean community joins in, it would be even more exciting, as South Koreans are very active in trading cryptocurrencies. Imagine, when the movie is released, the MOMMY token could be heard throughout South Korea and even the entire world! #MOMMY has unlimited potential! #memecoin #韩国 $BTC $SOL
I just checked the Telegram community, and the MOMMY community is very professional, with members speaking Chinese, English, and Korean.
At the moment, the English community has the most members, followed by the Chinese community, and the Korean community has the least.
If a large Korean community joins in, it would be even more exciting, as South Koreans are very active in trading cryptocurrencies. Imagine, when the movie is released, the MOMMY token could be heard throughout South Korea and even the entire world! #MOMMY has unlimited potential! #memecoin #韩国 $BTC $SOL
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Advantages and potential of CryptoMan (MOMMY)
1⃣ It is the only film and television themed project on the Sol chain (Solana chain), representing a new track, and has received support and attention from many KOLs.
2⃣ There are about 10 days left before its release. The official film has not yet been promoted, so everyone's expectations are very high. With the release of the movie, the name #MOMMY will be heard throughout Korea and even the world!
3⃣ This is an international film based on LUNA. #韩国 #memecoin $SOL $BTC
1⃣ It is the only film and television themed project on the Sol chain (Solana chain), representing a new track, and has received support and attention from many KOLs.
2⃣ There are about 10 days left before its release. The official film has not yet been promoted, so everyone's expectations are very high. With the release of the movie, the name #MOMMY will be heard throughout Korea and even the world!
3⃣ This is an international film based on LUNA. #韩国 #memecoin $SOL $BTC
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The South Korean cryptocurrency movie 'Cryptoman' will be released on January 15, 2025. This film is based on the real events surrounding the $34.9 billion crash. The protagonist of the film issues a token named MOMMY (prototype Luna), sparking nationwide speculation! According to public information, the film is produced by K-Play Contentsa, a South Korean chaebol capital with a background in the crypto industry. The token of the same name has already been issued in advance and is being promoted alongside the movie.
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South Korea proposes delaying cryptocurrency taxation ahead of elections
South Korea’s ruling People’s Power Party believes that enacting cryptocurrency regulations is more important than implementing immediate taxation.
South Korea’s ruling People’s Power Party recently proposed delaying the implementation of taxes on cryptocurrency gains for a two-year period. The proposal was postponed in light of the upcoming general election in April. The party believes it is important to first establish a comprehensive regulatory framework before introducing any tax measures on cryptocurrency investments.
Initially, South Korea planned to impose a 20% tax on cryptocurrency investment profits exceeding 2.5 million won (approximately $1,875) starting in January 2023. However, this timeline was later pushed back to 2025 to allow more time for regulations to be developed within the cryptocurrency industry
South Korea’s ruling People’s Power Party recently proposed delaying the implementation of taxes on cryptocurrency gains for a two-year period. The proposal was postponed in light of the upcoming general election in April. The party believes it is important to first establish a comprehensive regulatory framework before introducing any tax measures on cryptocurrency investments.
Initially, South Korea planned to impose a 20% tax on cryptocurrency investment profits exceeding 2.5 million won (approximately $1,875) starting in January 2023. However, this timeline was later pushed back to 2025 to allow more time for regulations to be developed within the cryptocurrency industry
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New legislation promises stronger protection for cryptocurrency investors in South Korea
This article briefly:
• The Korean Financial Supervisory Service will implement strict supervision on virtual assets starting in July 2024.
• The FSS outlines regulations requiring exchanges to pay interest on user deposits and maintain minimum reserves.
• Insider trading rules are in place and exchanges are obliged to monitor trading and report unfair practices.
South Korea’s Financial Supervisory Service (FSS) is preparing to implement strict regulations on virtual assets to strengthen investor protection.
The FSS has published a legislative notice outlining key provisions expected to come into force in July 2024.
Korean Cryptocurrency Investors
• The Korean Financial Supervisory Service will implement strict supervision on virtual assets starting in July 2024.
• The FSS outlines regulations requiring exchanges to pay interest on user deposits and maintain minimum reserves.
• Insider trading rules are in place and exchanges are obliged to monitor trading and report unfair practices.
South Korea’s Financial Supervisory Service (FSS) is preparing to implement strict regulations on virtual assets to strengthen investor protection.
The FSS has published a legislative notice outlining key provisions expected to come into force in July 2024.
Korean Cryptocurrency Investors
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Crypto fraud no more? South Korean province’s new digital tracking system tracks tax evaders’ wallets
A local report has revealed that the provincial tax department has implemented a new digital tracking system in one of South Korea's most important provinces. As the first of its kind in the country, the new system reduces process time and facilitates tracking of debtor-held crypto assets on virtual asset exchanges.
$4.6 million seized with new digital tracking system
On February 22, Yonhap News Agency reported that the Gyeonggi Province Taxation and Justice Office implemented a new system. A digital tracking system makes it “easier” for provincial tax authorities to track cryptocurrency trading accounts held by tax evaders.
Gyeonggi-do is the most populous province in South Korea, with a population of over 13 million. The Gyeonggi-do region has historically held an important political position in the country and is part of the Gyeonggi-do region, also known as the Seoul Capital Region, which consists of the metropolitan areas of Seoul, Incheon, and Gyeonggi-do.
$4.6 million seized with new digital tracking system
On February 22, Yonhap News Agency reported that the Gyeonggi Province Taxation and Justice Office implemented a new system. A digital tracking system makes it “easier” for provincial tax authorities to track cryptocurrency trading accounts held by tax evaders.
Gyeonggi-do is the most populous province in South Korea, with a population of over 13 million. The Gyeonggi-do region has historically held an important political position in the country and is part of the Gyeonggi-do region, also known as the Seoul Capital Region, which consists of the metropolitan areas of Seoul, Incheon, and Gyeonggi-do.
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Luna cryptocurrency circle, who is blackened by the black swan of Moutai?
The biggest black swan in the cryptocurrency world in 2022 took place. The Korean Luna coin, which is called the "Moutai of the cryptocurrency world" by global players, fell from US$30 to US$0.6 like a waterfall, and continued to fall to US$0.0035 the next day. The wealth of 270 billion was instantly reduced to zero.
When talking about LUNA coin, we can’t leave out UST coin. UST coin is an algorithmic stablecoin created by a Korean and developed by Terraform Labs. “The goal of UST coin is to ensure that the price is pegged to the US dollar at a 1:1 ratio. In order to maintain this value anchor, Terraform uses its public chain token LUNA as the de facto collateral behind UST coin, hoping to provide value support for UST coin. 1 UST coin is equal to LUNA coin worth 1 US dollar, that is, if the price of LUNA coin is 1 US dollar, it can be exchanged for 1 UST coin, and if the price of LUNA coin rises to 10 US dollars, it can be exchanged for 10 UST coins. And the two are in a "two-way destruction and casting" relationship. Every time 1 UST coin is minted, LUNA coin worth 1 US dollar must be destroyed.
When talking about LUNA coin, we can’t leave out UST coin. UST coin is an algorithmic stablecoin created by a Korean and developed by Terraform Labs. “The goal of UST coin is to ensure that the price is pegged to the US dollar at a 1:1 ratio. In order to maintain this value anchor, Terraform uses its public chain token LUNA as the de facto collateral behind UST coin, hoping to provide value support for UST coin. 1 UST coin is equal to LUNA coin worth 1 US dollar, that is, if the price of LUNA coin is 1 US dollar, it can be exchanged for 1 UST coin, and if the price of LUNA coin rises to 10 US dollars, it can be exchanged for 10 UST coins. And the two are in a "two-way destruction and casting" relationship. Every time 1 UST coin is minted, LUNA coin worth 1 US dollar must be destroyed.
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South Korean Won Remains Second Most Traded Fiat Currency in Bitcoin
The South Korean won occupies a prominent position in the Bitcoin trading market, and despite the recent decline in Bitcoin prices and the reduction in premiums in the Korean market, trading volumes in the South Korean won against Bitcoin have remained strong. Specifically, the South Korean won accounts for approximately 2.07% of global Bitcoin spot transactions, ranking second after the US dollar.
This phenomenon may be affected by many factors. The following is an analysis of this phenomenon:
1. Active cryptocurrency exchanges: South Korea has some of the world's largest cryptocurrency exchanges, such as Bithumb and Upbit, whose trading volumes occupy an important position globally. For example, Bithumb's 24-hour trading volume has reached 5.0402 trillion won, surpassing Upbit, showing the activeness of the Korean market.
This phenomenon may be affected by many factors. The following is an analysis of this phenomenon:
1. Active cryptocurrency exchanges: South Korea has some of the world's largest cryptocurrency exchanges, such as Bithumb and Upbit, whose trading volumes occupy an important position globally. For example, Bithumb's 24-hour trading volume has reached 5.0402 trillion won, surpassing Upbit, showing the activeness of the Korean market.
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🔥Korean cryptocurrency circle earthquake!
Fake delisting rumors lead to panic selling,
BNB airdrops bring warmth, Hong Kong unlicensed exchanges face zero tolerance, Bitcoin ETF hype cools down!
📢 "Doomsday rumors" appear in Korean cryptocurrency circle! Fake news says that the Korean Ministry of Finance will conduct quarterly reviews of 600 virtual assets and suspend non-compliant token transactions, which scared half of the token prices on exchanges such as Upbit to plummet by 10%-20%! 😱 Investors seemed to be frightened by the story of "the wolf is coming" and sold off one after another, but it turned out to be a false alarm. The Financial Supervisory Agency quickly clarified: We do not directly review tokens, don't panic!
🚀 In this wave of selling, Binance brought warmth to BNB holders! 💖 Launched the BNB HODLer Airdrops event to reward loyal users who hold BNB for a long time. He Yi, the co-founder, announced on social media: "Users holding BNB will benefit, and your loyalty will be rewarded!" It seems that Binance is telling investors with practical actions: Don't be afraid, I'm here!
💸 At the same time, Hong Kong's zero-tolerance policy on unlicensed crypto exchanges also shocked the market! 😲 Last year, two unlicensed exchanges went bankrupt and investors suffered heavy losses. This year, Hong Kong officially kicked out all unlicensed exchanges and required them to stop operating immediately. Regulators warned: Violating regulations is a crime, and we will crack down on it!
📉 Globally, the hype of Bitcoin ETFs also seems to have cooled down. 🌡️ Australia's first Bitcoin ETF had a first-day trading volume of only $1.3 million, far below market expectations. Although Hong Kong's Bitcoin and Ethereum ETFs had a first-day trading volume of $12 million, it was just a drop in the bucket compared to the billions of dollars in the US market. Now, everyone's eyes are on the US Ethereum ETFs, which will be launched on July 2. However, even in the US market, investors have begun to withdraw assets from Bitcoin ETFs.
#韩国 #BNB金鏟子 #香港加密货币ETF #比特币etf #BTC走势分析 $USDC
$SOL $ETH
Fake delisting rumors lead to panic selling,
BNB airdrops bring warmth, Hong Kong unlicensed exchanges face zero tolerance, Bitcoin ETF hype cools down!
📢 "Doomsday rumors" appear in Korean cryptocurrency circle! Fake news says that the Korean Ministry of Finance will conduct quarterly reviews of 600 virtual assets and suspend non-compliant token transactions, which scared half of the token prices on exchanges such as Upbit to plummet by 10%-20%! 😱 Investors seemed to be frightened by the story of "the wolf is coming" and sold off one after another, but it turned out to be a false alarm. The Financial Supervisory Agency quickly clarified: We do not directly review tokens, don't panic!
🚀 In this wave of selling, Binance brought warmth to BNB holders! 💖 Launched the BNB HODLer Airdrops event to reward loyal users who hold BNB for a long time. He Yi, the co-founder, announced on social media: "Users holding BNB will benefit, and your loyalty will be rewarded!" It seems that Binance is telling investors with practical actions: Don't be afraid, I'm here!
💸 At the same time, Hong Kong's zero-tolerance policy on unlicensed crypto exchanges also shocked the market! 😲 Last year, two unlicensed exchanges went bankrupt and investors suffered heavy losses. This year, Hong Kong officially kicked out all unlicensed exchanges and required them to stop operating immediately. Regulators warned: Violating regulations is a crime, and we will crack down on it!
📉 Globally, the hype of Bitcoin ETFs also seems to have cooled down. 🌡️ Australia's first Bitcoin ETF had a first-day trading volume of only $1.3 million, far below market expectations. Although Hong Kong's Bitcoin and Ethereum ETFs had a first-day trading volume of $12 million, it was just a drop in the bucket compared to the billions of dollars in the US market. Now, everyone's eyes are on the US Ethereum ETFs, which will be launched on July 2. However, even in the US market, investors have begun to withdraw assets from Bitcoin ETFs.
#韩国 #BNB金鏟子 #香港加密货币ETF #比特币etf #BTC走势分析 $USDC
$SOL $ETH
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South Korea's cryptocurrency circle is in a frenzy! Under the Trump effect, the number of cryptocurrency investors has surged to 15.59 million. Is the stock market shaking?
While you are cautiously buying and selling stocks in the stock market, there is another group of people surfing the ocean of cryptocurrency, with a total number of 15.59 million! Yes, this is the current situation in South Korea. Trump's victory seems to have injected a shot of adrenaline into the cryptocurrency market, and Bitcoin has soared all the way, even breaking the $100,000 mark. In this carnival, Koreans are undoubtedly one of the craziest participants.
The Bank of Korea announced this astonishing data for the first time: As of the end of November, the number of cryptocurrency investors in South Korea has exceeded 15.59 million! This means that in South Korea, with a population of about 51.23 million, more than 30% of people are investing in cryptocurrencies. Does this number shock you?
The Bank of Korea announced this astonishing data for the first time: As of the end of November, the number of cryptocurrency investors in South Korea has exceeded 15.59 million! This means that in South Korea, with a population of about 51.23 million, more than 30% of people are investing in cryptocurrencies. Does this number shock you?
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🇰🇷 The number of cryptocurrency investors in South Korea has surged, and market volatility has intensified!
The latest report from the Financial Intelligence Unit (FIU) of South Korea shows that the number of cryptocurrency investors in the first half of 2024 surged by 21%, with the total number of domestic investors reaching 7.78 million. This growth is largely attributed to the explosive increase in Bitcoin's value.
Meanwhile, the average daily trading volume in South Korea's virtual asset market also grew by 67%, reaching a record 60 trillion won (4.3 billion USD). In the first half of 2024 alone, the total valuation of this market increased by 27%, reaching 55.3 trillion won (about 40 billion USD).
Male investors account for 68% of the country's cryptocurrency users, particularly men in their thirties who are especially active in the market. Although women make up a smaller proportion of the investor group, their contribution to market growth is gradually increasing.
While most investors in South Korea (about 67% of them) hold cryptocurrencies worth less than 500,000 won (362 USD), there are also 1.3% of investors holding over 100 million won, and 0.03% of high-net-worth individuals holding over 1 billion won in crypto assets.
The report shows that Bitcoin investors in South Korea rank first, followed by ETH, XRP, DOGE, and ETC. At the same time, South Korea plays a key role in global cryptocurrency trading, with its active trading driving global trading volumes to new highs.
The South Korean stock market, on the other hand, has shown high price volatility. The maximum drawdown (MDD) of the South Korean stock market (i.e., the magnitude of price drop from its peak) has increased from 62% in the same period last year to the current 70%.
In contrast, the MDD of the main South Korean index KOSPI during the same period was only 14%. This increase in volatility also highlights the fragility of the South Korean stock market, prompting investors to remain vigilant regarding market dynamics.
The FIU points out that the inflow of funds into U.S. Bitcoin ETFs and presidential candidates' policy positions on digital assets are key factors influencing price fluctuations, and reminds investors to act cautiously amid market volatility.
In summary, although South Korea's cryptocurrency market achieved significant growth in the first half of 2024, this prosperity is also accompanied by high risks and high volatility, requiring investors to manage risks effectively while selecting investment targets and pursuing profits.
#韩国 #加密货币市场 #比特币
The latest report from the Financial Intelligence Unit (FIU) of South Korea shows that the number of cryptocurrency investors in the first half of 2024 surged by 21%, with the total number of domestic investors reaching 7.78 million. This growth is largely attributed to the explosive increase in Bitcoin's value.
Meanwhile, the average daily trading volume in South Korea's virtual asset market also grew by 67%, reaching a record 60 trillion won (4.3 billion USD). In the first half of 2024 alone, the total valuation of this market increased by 27%, reaching 55.3 trillion won (about 40 billion USD).
Male investors account for 68% of the country's cryptocurrency users, particularly men in their thirties who are especially active in the market. Although women make up a smaller proportion of the investor group, their contribution to market growth is gradually increasing.
While most investors in South Korea (about 67% of them) hold cryptocurrencies worth less than 500,000 won (362 USD), there are also 1.3% of investors holding over 100 million won, and 0.03% of high-net-worth individuals holding over 1 billion won in crypto assets.
The report shows that Bitcoin investors in South Korea rank first, followed by ETH, XRP, DOGE, and ETC. At the same time, South Korea plays a key role in global cryptocurrency trading, with its active trading driving global trading volumes to new highs.
The South Korean stock market, on the other hand, has shown high price volatility. The maximum drawdown (MDD) of the South Korean stock market (i.e., the magnitude of price drop from its peak) has increased from 62% in the same period last year to the current 70%.
In contrast, the MDD of the main South Korean index KOSPI during the same period was only 14%. This increase in volatility also highlights the fragility of the South Korean stock market, prompting investors to remain vigilant regarding market dynamics.
The FIU points out that the inflow of funds into U.S. Bitcoin ETFs and presidential candidates' policy positions on digital assets are key factors influencing price fluctuations, and reminds investors to act cautiously amid market volatility.
In summary, although South Korea's cryptocurrency market achieved significant growth in the first half of 2024, this prosperity is also accompanied by high risks and high volatility, requiring investors to manage risks effectively while selecting investment targets and pursuing profits.
#韩国 #加密货币市场 #比特币
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The Korean movie "CryptoMan" is based on the LUNA token and its founder, represented in the film by #MOMMY .
Narrative: The late Korean star Song Jae-rim's last film "CryptoMan" will be released on January 15, 2025. In the film, he plays Yang Do Hyun, a business genius who develops virtual currency and creates the token $MOMMY, triggering a $34.9 billion cryptocurrency market collapse, aiming to showcase the social and financial impacts of this crisis.
Highlights: The enthusiasm of Koreans for cryptocurrency will lead to renewed speculation when the movie is released, and the entire country will hear the echo of $mommy!
How to choose quality tokens, the concept of Elon Musk's Dogecoin is a good choice #Marvin community promotion construction, strong consensus
#韩国 #牛市到来 #ETH🔥🔥🔥🔥 $
$SOL $ETH
$BNB
Narrative: The late Korean star Song Jae-rim's last film "CryptoMan" will be released on January 15, 2025. In the film, he plays Yang Do Hyun, a business genius who develops virtual currency and creates the token $MOMMY, triggering a $34.9 billion cryptocurrency market collapse, aiming to showcase the social and financial impacts of this crisis.
Highlights: The enthusiasm of Koreans for cryptocurrency will lead to renewed speculation when the movie is released, and the entire country will hear the echo of $mommy!
How to choose quality tokens, the concept of Elon Musk's Dogecoin is a good choice #Marvin community promotion construction, strong consensus
#韩国 #牛市到来 #ETH🔥🔥🔥🔥 $
$SOL $ETH
$BNB
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[Bank of Korea: More than 30% of Koreans hold cryptocurrencies]
On December 27, the Bank of Korea released a report based on the number of investors with accounts on five major Korean exchanges, including Upbit, Bithumb, Coin One, Cobit and Gopax, saying that as of November this year, the number of people holding cryptocurrencies on Korean exchanges exceeded 15.59 million, an increase of 610,000 from 14.98 million in October.
Currently, the total population of South Korea is expected to be around 51.23 million. This means that the number of people holding cryptocurrencies is equivalent to more than 30% of the total population.
The report said that the number of cryptocurrency investors in South Korea has been rising, and it soared in November. This may be the result of highly optimistic market sentiment after US President-elect Trump won the election in early November.
Otherwise, it is said that Koreans are fierce. The internal volume in South Korea is increasing, and the currency circle may be one of the few opportunities. Do you think there are 10 million people holding coins in the country? $ME #韩国
On December 27, the Bank of Korea released a report based on the number of investors with accounts on five major Korean exchanges, including Upbit, Bithumb, Coin One, Cobit and Gopax, saying that as of November this year, the number of people holding cryptocurrencies on Korean exchanges exceeded 15.59 million, an increase of 610,000 from 14.98 million in October.
Currently, the total population of South Korea is expected to be around 51.23 million. This means that the number of people holding cryptocurrencies is equivalent to more than 30% of the total population.
The report said that the number of cryptocurrency investors in South Korea has been rising, and it soared in November. This may be the result of highly optimistic market sentiment after US President-elect Trump won the election in early November.
Otherwise, it is said that Koreans are fierce. The internal volume in South Korea is increasing, and the currency circle may be one of the few opportunities. Do you think there are 10 million people holding coins in the country? $ME #韩国
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Analysis report by Korean financial experts: Potential economic risks brought by spot Bitcoin ETF
The launch of a spot Bitcoin (BTC) exchange-traded fund (ETF) in South Korea could cause severe economic disruption, according to a recent analysis by the Korea Institute of Finance (KIF).
Despite the global trend toward approving cryptocurrency-pegged ETF products, the report highlights potential unique challenges that the South Korean market may face.
Potential Risks of South Korea’s Bitcoin ETF
The approval and launch of Bitcoin spot ETFs has become a trend worldwide, and this phenomenon has attracted widespread discussion and attention in the Korean financial community. Lee Bo-mi, a researcher at the Financial Services Agency of Korea, explored in depth the negative impact that Bitcoin ETFs may have on the Korean market in his report "Review of Approval of Overseas Virtual Asset Spot ETFs".
Despite the global trend toward approving cryptocurrency-pegged ETF products, the report highlights potential unique challenges that the South Korean market may face.
Potential Risks of South Korea’s Bitcoin ETF
The approval and launch of Bitcoin spot ETFs has become a trend worldwide, and this phenomenon has attracted widespread discussion and attention in the Korean financial community. Lee Bo-mi, a researcher at the Financial Services Agency of Korea, explored in depth the negative impact that Bitcoin ETFs may have on the Korean market in his report "Review of Approval of Overseas Virtual Asset Spot ETFs".