How is the Government Responding to Crypto Growth?

Total cryptocurrency assets in South Korea have reached 102.6 trillion won (approximately 69.8 billion USD), with average daily trading volumes hitting 14.9 trillion won (around 10.1 billion USD). Although there may be concerns about duplicate accounts across exchanges, the reality is that millions are engaged in this market.

Lim Kwang-hyun highlighted the urgency for government intervention to improve market stability and safeguard user rights as transaction levels near those of national exchanges. The steady rise in cryptocurrency investors is driven by optimism in the market, fueled by global events and innovations in decentralized finance.

15.59 million cryptocurrency holders reported in November.

Average monthly increase of 100,000 new investors.

Government plans for enhanced market stability and user protection.

This rapid growth in the South Korean cryptocurrency landscape underscores the need for adaptive strategies among both individual and institutional investors in an ever-evolving financial environment.