Lee Eok-won points out that cryptocurrency is highly volatile and lacks monetary functions, asserting it has no intrinsic value compared to traditional financial products.
An anonymous South Korean crypto sector official argues against Lee’s stance, believing cryptocurrencies possess digital utility, especially as corporations hold them as strategic reserves.
Lee opposes allowing pension funds to invest in cryptocurrencies due to their speculative nature, while recognizing the need for regulatory reviews of crypto ETFs and supporting stablecoin innovation.
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