Analysis: South Korean President Lee Jae myung's promise of cryptocurrency reform has not significantly boosted market enthusiasm, and the activity of cryptocurrency trading in South Korea remains low

According to Matrixport analysis, the leader of the Democratic Party of Korea, Lee Jae myung, is actively promoting multiple cryptocurrency reform measures, including supporting the legalization of spot Bitcoin ETFs, issuing stablecoins anchored to the Korean won, and relaxing restrictions on institutional investors entering the market. He also plans to revise exchange regulatory regulations and establish a "Digital Asset Committee" to promote the implementation of policies such as the "Digital Asset Basic Law". These measures aim to comply with global financial development trends, strengthen South Korea's financial sovereignty, and accelerate the integration of digital assets into the local economy. Despite the gradual improvement of the regulatory environment, data shows that the activity of cryptocurrency trading in South Korea is still at a low level, indicating that the President's reform commitments have not fully boosted market enthusiasm.