< img src = "/uploads/blogs/9b/4d/ib-freep40nli_8ad73305.jpg" Alt = "President of South Korea promised to develop blockchain and virtual assets"/> ~ < p > President of South Korea from the party & laquo; the power of the people & raquo; Hong Jong Joon-Pyo has promised to review the current regulatory framework for cryptocurrencies. About it reports Yonhap.

< P > & laquo; I eliminate regulation at the Trump administration in the US to develop blockchain and virtual assets as a full -fledged industry. We will introduce blockchain into public services and administrative processes and create the conditions for growth of the virtual asset industry & raquo ;, & mdash; stated the politician.

< p > within a larger -scale initiative of the CHN PHYO plans to invest about $ 35.1 billion in research in areas such as artificial intelligence, quantum calculations and superconductors.

~ ~ ~ < p > The Block journalists noted that in 2021 the politician opposed the cryptocurrency tax, saying that this approach hindered the development of the industry. He also urged the power to create a legislative framework for & laquo; institutionalization of digital assets & raquo;.

~ < P > We have previously reported that as of the end of February 2025, the RSquo; Rsquo; South Cryptocurses of South Korea were registered 16.29 million users & mdash; This is more than 32% of the country's population. For comparison, the number of investors in the stock market is 14.03 million

< P > also recently the South Korean Financial Regulator stated that Apple has removed 14 crypto -making, including Kucoin and MExC exchanges, from the Korean App Store at the request of financial intelligence.

~

Natasha Kumar

By Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my natasha@thetimeshub.in 1-800-268-7116