TechFlow news, June 4 — Matrixport released its daily analysis stating, "South Korea's newly elected president Lee Jae-myung is actively pushing forward a series of cryptocurrency reform initiatives, clearly supporting the legalization of spot Bitcoin ETFs, issuing a Korean won-pegged stablecoin, and easing restrictions for institutional investors to access the crypto market. Additionally, Lee plans to revise current regulatory rules for trading platforms and establish a 'Digital Asset Committee' to promote the formulation and implementation of related policies such as the 'Digital Asset Basic Act.' These measures aim to align with global financial trends, strengthen South Korea's financial sovereignty, and accelerate the integration of digital assets into the mainstream economy. Despite an increasingly favorable regulatory environment, local crypto trading activity remains relatively sluggish, and the president's reform promises have yet to fully boost market enthusiasm."
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