South Korean Financial Services Commission: Currently not considering establishing a national Bitcoin reserve, need to observe the direction of U.S. policy

2024-11-25 09:29:30

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ChainCatcher news, according to Cryptonews, the chairman of the Financial Services Commission (FSC) of South Korea, Kim Byung-hwan, stated in a television interview that there are currently no plans to establish a national Bitcoin reserve.

Kim Byung-hwan pointed out that South Korea will make decisions after observing the reactions of other countries to Trump's cryptocurrency adoption plan. He emphasized that the FSC currently prioritizes investor protection issues and remains vigilant about the rapid growth of the cryptocurrency market. It is reported that although South Korea implemented the "Virtual Asset Protection Act" in July this year, regulatory agencies still need to carefully assess the actual impact of cryptocurrency assets on the economy.

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