KRX President Says It’s Time for Korea to Embrace Bitcoin


It’s time to explore ways to embrace Bitcoin and digital assets, Korea Exchange (KRX) President Son Byung-doo said, according to a local outlet report. Chosun. Byung-doo drew parallels between Bitcoin and traditional capital markets, calling for measures to protect investors and stabilize transactions.

As Byung-doo reports: “We need to research ways to capture virtual assets as the ‘know-how’ in capital markets.

The number of domestic crypto exchange users in South Korea has increased, although local financial authorities maintain the view that Bitcoin is “out of the financial sphere.” According to the report, there are more than 5 million users on bitcoin exchanges in the country. The daily trading volume of the cryptocurrency has also increased and is close to reaching the trading value on the Korean stock exchange, KRX. KRX President Says It’s Time for Korea to Embrace Bitcoin


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