The South Korea’s great financial leader urges to agree to the investment funds circulating in encryption – what is at stake?
The President of the Korea Financial Investment Association (KOFIA) has called for the approval of the money in the encrypted currency (ETFS) and the official recognition of the security symbols.
During a press conference for the new year at Seoul headquarters in Kovia, SEO High The potential growth of the virtual asset market, which is affected by US President Donald Trump’s policies. He suggested that Korea act quickly to maintain a competitive position in the global scene of encryption.
The reason for paying ETF encryption
The US Securities and Stock Exchange Committee (SEC) approved Bitcoin and Ethereum Spot Etfs last year, which led to a wave of similar products from the main asset managers.
KOFIA SEO YOO-SEOK, Chairman of the Board of Directors, has argued that Korea should follow its example, ensuring that the country is not left behind. According to senior economic officials, these financial tools may “enhance the transparency of the market, expand institutional participation, and consolidate the role of Korea” as a pioneer in adopting digital assets.
Meanwhile, there is another reason that causes SEO to agree to agree to the investment funds circulating in the encrypted currency is to give the millennial generation a test before diving completely into virtual assets. During the conference, Kovia Shaimane He said:
Everyone thinks about virtual assets as an investment goal of the MZ generation (Millennium + generation Z), but people in the 1950s and sixties have a lot of attention and demand for virtual assets. Their money is greater than MZ generation, but I wonder whether it is right to allow them to go directly to the virtual assets. For this reason I think we need to list ETF recognized all over the world, at least depends on Bitcoin and Ethereum, in our market so that investors can invest comfortably and peaceful peace.
Pay for organizational progress
Moreover, SEO’s invitation to investment funds circulating in encrypted operations is in line with a wider batch to give the institutional character to the security symbols in Korea. Kovia plans to interact with financial organizers this year, and call for the inclusion of investment funds circulating in Bitcoin and Ethereum in the nation’s financial framework.
By doing this, Korea can attract larger institutional investments, strengthen liquidity, and strengthen the “ecosystem of the most powerful digital assets”. According to the local media, the ophthalmology of the search engines stated:
The opening of the second Trump administration is expected to increase the strengthening of global companies related to the virtual assets market. To ensure that Korea keeps up with this trend, I will continue to support the institutional character to security symbols and push for approval of the investment funds circulating in virtual assets.
In addition to encryption initiatives, Seo confirmed that Kovia’s commitment to the “value” program led by the government. This policy was presented last year, aiming to address the consecutive value of local shares, known as “Korea’s opponent”.
SEO described it as a comprehensive effort to enhance specific economic growth, enhance the financial market, and expand the financial assets of citizens. He called for cooperation between the government, the National Assembly and the private sector to ensure the success of the program.
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