CoinVoice has learned that, according to (Daily Economic News), the chairman of the Korea Exchange (KRX) Jeong Eun-po stated that South Korea should quickly incorporate cryptocurrency into the financial system to overcome regulatory barriers and maintain international competitiveness. He pointed out that since Trump was elected President of the United States, the average daily trading volume of the Korean crypto market has exceeded 200 trillion won (about 14 billion USD), surpassing the domestic stock market.
Jeong Eun-po emphasized at the recent World Federation of Exchanges (WFE) summit that ignoring the virtual currency market will affect the profitability of exchanges. He also criticized the current attitude of viewing virtual currencies as speculative assets, warning that this could lead to South Korea falling behind in international competition. Despite the rapid growth of the crypto market in South Korea, there are currently no crypto companies listed on the KRX, businesses cannot purchase cryptocurrencies on their balance sheets, and regulators have not yet approved the launch of Bitcoin spot ETFs. He called for South Korea to seize the opportunity to institutionalize the cryptocurrency market to create new value and enhance international competitiveness. [Original link]
