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🇰🇷 South Korea Paves the Way for Bitcoin ETF, Tightens Stablecoin Regulations, and Promotes Blockchain
🔹 South Korea is expected to approve a Bitcoin spot ETF this year, following the trends in the US and Hong Kong
🔹 The new Digital Asset Law will regulate stablecoins, requiring 100% reserve backing and ensuring redemption rights for users
🔹 The government aims to transfer 25% of treasury operations to blockchain by 2030 through deposit tokens.
These are digital tokens backed by bank deposits, designed to facilitate payments and public spending on the blockchain, such as automating payments for electric vehicle infrastructure, helping to shorten payment times and reduce fraud