President of South Korea promised to develop blockchain and virtual assets

< 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.