In immediately’s episode of The Crypto FOMO Video games: South Korea.
This is what they have been cooking recently (and why you must care):
1/ Decreasing charges
South Korea’s monetary watchdog (the FSC) is reportedly gonna examine how a lot native crypto exchanges are charging in transaction charges – and whether or not it is an excessive amount of.
If wanted, they may step in to control it.
This strains up with what South Korea’s new president, Lee Jae-myung, promised: to scale back crypto buying and selling charges from 0.05% to 0.015%.
👉 And that is good as a result of: decrease charges = extra participation = extra liquidity.
2/ Spot ETFs on the way in which
The FSC can also be planning to permit native spot crypto ETFs within the second half of the yr.
The ETFs have been beforehand banned as a result of regulators thought of crypto too dangerous. That appears to be altering, although.
👉 And that is good as a result of ETFs let individuals spend money on crypto by means of TradFi instruments – key for attracting greater traders and establishments.
3/ Stablecoins on the way in which, too
That very same roadmap features a plan to carry the ban on Korean won-based stablecoins.
👉 And that is good as a result of it could give customers entry to an area, government-approved digital foreign money – the right entry level for brand new customers = broader adoption.
Btw, in the event you’re not South Korean and browse this like “do not care, not my nation” 🙄 – DING DONG YOUR OPINION IS WRONG.
South Korea’s one of many largest crypto markets on the planet. By the tip of 2024, individuals there have been holding over $75B in crypto.
And so, when their regulators make adjustments like this, it is not simply native information – the influence will be felt in all places.
Now you are within the know. However take into consideration your pals – they most likely don’t know. I’m wondering who might repair that… 😃🫵
Unfold the phrase and be the hero you recognize you’re!
