The Korea Society of Fintech & Blockchain (KSFB) and the Korea Digital Asset Service Provider Association (KDA) claimed that the cryptocurrency policy ideas of President-elect Yoon Suk-yeol’s were “disappointing” since they left out key goals.
Yoon is scheduled to begin his term on May 10 and he issued 110 national tasks with cryptocurrency policies. According to the organization, Yoon neither mentioned developing a government agency for digital assets nor did he make clear plans for expanding the cryptocurrency market.
Korean Fintech and digital asset service provider “extremely disappointed”
The Korea Society of Fintech and Blockchain and the Korea Digital Asset Service Provider Association were “extremely disappointed” with this action, as Yoon had previously acknowledged a shift toward a negative regulatory structure. This would have outlined what corporations cannot do with cryptocurrencies, allowing firms to explore another potential in the field separate from what is prohibited.
However, the organisations appreciated the incorporation of digital assets and laid the framework for the acceptance of initial coin offerings (ICOs). More than 10% of the South Korean population own cryptocurrency.
 and Digital Asset Service Provider Association (KDA) claimed that the cryptocurrency policy ideas of President-elect Yoon Suk-yeol’s were “disappointing” since they left out key goals.){kind=link}