CryptoQuant CEO: The Korean won and other domestic assets are completely unattractive, and we are considering whether we should leave Korea

ChainCatcher message, CryptoQuant CEO Ki Young Ju posted on social media: "The Korean won and other domestic assets are completely unattractive. The government is unaware of this and is merely forcing price maintenance, which has led to a surge in the exchange rate. The USDT traded on Upbit has already reached an IMF crisis-level exchange rate.

I personally believe that there is a massive outflow of national wealth occurring. Many wealthy individuals I know are leaving South Korea. The outflow of national wealth is just a reflection of the country's cognitive ability, isn't it?" He further pointed out: "The government should not forcibly retain capital fleeing overseas, but rather think about how to encourage capital to return voluntarily.

We need to cultivate industries, provide incentives for investors, and open up business opportunities. I hope to stop these unnecessary regulations. Due to my limited understanding of domestic politics, I don't know who can make such changes. As a Korean company, I have persisted for 7 years, but now I am also considering whether I should leave South Korea. It is truly frustrating."