On August 13, 2025, South Korea, led by President Lee Jae-myung, announced plans to prioritize cryptocurrency market development, signaling significant government commitment.
Announcement of Cryptocurrency Development Plans
President Lee Jae-myung announced an initiative aimed at strengthening domestic crypto markets through regulatory reforms, which has raised optimism among investors and driven up stock values in companies like Kakao Pay and LG CNS.
Analysis of Current Market Data
Bitcoin (BTC) is currently priced at $118,838.15. The market cap stands at $2.37 trillion, with a trading volume of $91.04 billion in the last 24 hours. The cryptocurrency recorded a 2.43% decline over that period but saw a 15.36% increase over the past 90 days.
Prospects and Global Competitiveness
The Coincu research team indicates that forthcoming regulatory frameworks may improve conditions for tech startups in South Korea, fostering blockchain innovation and global competitiveness. New rules are expected to lead to increased institutional investments and may influence broader growth trends in the crypto space.
South Korea's revised cryptocurrency policies could significantly influence market dynamics and strengthen the country's international standing in this domain.
