According to the Bank of Korea, South Koreans are HODLing around $73.4 billion in cryptocurrencies, a considerable increase connected to the crypto-friendly policies following Donald Trump’s election.
By December 2024, the total market capitalization of crypto assets in South Korea exceeded 100 trillion won, signifying strong confidence among investors and greater adoption of digital currencies within the country.
With the introduction of the Virtual Asset User Protection Act and expected regulatory updates, the Bank of Korea shows optimism about reforms in the crypto sector while addressing concerns regarding stablecoins.
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