South Korea's government has big ambitions for digital assets this year. According to the latest developments, they plan to introduce the "Digital Asset Phase Two Bill," which includes a comprehensive regulatory framework for stablecoins. At the same time, there is a dedicated regulatory plan for cross-border stablecoin transactions — in other words, the government wants to keep this market under close watch.
More importantly, spot ETFs. The spot exchange-traded funds for digital assets are also on the agenda and are expected to be officially launched within this year. This move essentially opens another door between traditional finance and the crypto market, making it easier for both institutions and retail investors to participate.
From stablecoin regulation to spot ETFs, South Korea is building a relatively complete digital asset trading ecosystem. This also serves as a good reference for the compliance process across the entire Asian market.
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ChainSauceMaster
· 01-10 01:08
South Korea's move is really aggressive. Is a spot ETF coming? Now traditional fund managers have to panic too, haha.
Regulation has locked down stablecoins; there's no shortcut to compliance. Looks like we need to learn how to survive properly.
The pace of Asian compliance is accelerating. We have to keep up with the rhythm.
Hodlers probably won't see another story of big institutions entering again, right?
Once ETFs are opened up, will it shake up the entire market? Just thinking about it makes me a bit excited.
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MetaReckt
· 01-09 10:00
South Korea is really serious this time, with spot ETF directly lowering the threshold. Retail investors are ecstatic.
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The stablecoin framework is back again. Can it really be controlled this time? Feels like the old tricks.
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Traditional finance folks must be panicking now that spot ETFs are coming out. There's no stopping it.
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Compliance is a good thing, but I'm also worried about being overly regulated... It's a bit contradictory.
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South Korea is leading again. When will we also have a set?
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Cross-border stablecoin special regulation? Feels like there will be a bunch of new rules to learn.
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I’ll believe it when spot ETFs really go live. Previous plans all said the same.
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Asia's compliance efforts are indeed ahead of the curve, especially South Korea. We need to keep an eye on it.
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The stablecoin regulatory framework is good, but how it will affect trading volume is still uncertain.
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BoredRiceBall
· 01-09 09:59
South Korea is playing its cards well; with the spot ETF launched, Asia is about to get competitive again.
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LayerZeroJunkie
· 01-09 09:55
South Korea is really getting serious. Spot ETF is coming, now institutions and retail investors can enter the market.
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Stablecoin regulatory framework? Basically, they want to take a slice of this cake.
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Not gonna lie, Korea's combination punch is pretty good. Stablecoins + spot ETF, other Asian countries should follow suit.
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Cross-border stablecoins also need regulation? The government really wants to control everything.
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After the launch of the spot ETF, the crypto world is truly moving towards mainstream. It’s no longer just a game for niche players.
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Korea is following Singapore and Hong Kong’s path. Compliance has become a new competitive advantage.
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完善的稳定币监管反而更好,总比被禁要强。
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It seems they want to institutionalize the entire market to avoid future troubles.
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For this move to succeed, it can really attract a lot of institutional funds.
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GasFeeNightmare
· 01-09 09:43
Korea's approach is really ruthless. As soon as the spot ETF is launched, institutions can directly buy the dip, and retail investors will be cut again.
South Korea's government has big ambitions for digital assets this year. According to the latest developments, they plan to introduce the "Digital Asset Phase Two Bill," which includes a comprehensive regulatory framework for stablecoins. At the same time, there is a dedicated regulatory plan for cross-border stablecoin transactions — in other words, the government wants to keep this market under close watch.
More importantly, spot ETFs. The spot exchange-traded funds for digital assets are also on the agenda and are expected to be officially launched within this year. This move essentially opens another door between traditional finance and the crypto market, making it easier for both institutions and retail investors to participate.
From stablecoin regulation to spot ETFs, South Korea is building a relatively complete digital asset trading ecosystem. This also serves as a good reference for the compliance process across the entire Asian market.