Financial experts, along with members of the opposition party, are considering the inclusion of Bitcoin in South Korea’s national reserves. This discussion gained traction following recent changes in U.S. cryptocurrency policy.
The idea of integrating Bitcoin into the national reserves became a hot topic after a forum held by the Democratic Party, where experts urged the government to adapt to current trends in cryptocurrency.
In response, Kim Jong-seung, CEO of xCrypton, called for a clear statement from the South Korean government. He emphasized that if the U.S. continues to hold Bitcoin as part of its reserves, South Korea should follow suit to remain competitive in the global financial landscape.
The CEO’s statements were supported by several renowned experts, including Representative Kim Min-seok, who mentioned that the party would reform crypto regulations if they came to power.
Interestingly, Kim Jong-seung pointed out that without stablecoins, the digital economy could face numerous challenges. He noted that stablecoins can be a viable alternative to traditional transactions. Additionally, Seo Eun-sook and Kang Hyoung-goo emphasized the importance of aligning South Korea’s financial policies with current trends.