On December 16, the chairman of the Korean Exchange, Zheng Enbo, issued a strong warning: South Korea must accelerate the institutionalization process of the cryptocurrency market, or it will fall behind in international competition! He pointed out that the current trading volume of the cryptocurrency market has already surpassed that of the traditional stock market, while South Korea remains cautious about this emerging field, missing out on the huge opportunities presented by digital assets.

So, why did Zheng Enbo issue such an urgent warning? Let's look at a few key points:

1. The trading volume of the crypto market has already surpassed that of the stock market.

The average daily trading volume of the South Korean stock market is about 20 trillion won (approximately 14 billion USD), while the trading volume of the cryptocurrency market has already exceeded this figure! This phenomenon cannot be ignored—if actions are not taken in a timely manner, South Korea may not only fall behind in economic competition but also miss the opportunity to become a global leader in the crypto industry.

2. Global competition is fierce, and South Korea urgently needs to take action.

As the EU, the US, and other countries gradually improve their crypto regulatory policies, South Korea's ambiguous stance may lead to the loss of crypto enterprises. We see that global investment enthusiasm for Web3 and blockchain technology is soaring, and if South Korea does not quickly promote institutionalization, it may miss the opportunity to become a global center for the crypto industry.

3. Clear policies will bring market confidence.

If South Korea can implement clear regulatory policies, it will not only provide a more transparent and secure operating environment for local crypto enterprises but also attract more international investors and blockchain projects. For investors, clear policies will greatly enhance their confidence and drive market liquidity.

4. Can South Korea become the leader of the Asian crypto market?

If South Korea successfully promotes the institutionalization process of the crypto market, it will not only attract more enterprises and investors but also become a model for other countries, leading the development of the crypto market in Asia and even globally.

Conclusion:

Zheng Enbo's warning has revealed a huge opportunity for us. If South Korea can seize this chance and rapidly promote the institutionalization of the crypto market, it will not only inject new momentum into the local economy but may also secure a leading position in global competition! Do you think South Korea can catch up and seize this advantage in the digital economy?

This process will have a profound impact on the future of the Web3 industry, and we will be watching closely!

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