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South Korea should consider Bitcoin reserve, say industry lobbyists, Democratic Party members

During a forum at the National Assembly, South Korean financial experts and opposition leaders discussed the impact of the U.S. Bitcoin reserve initiatives and the essential steps South Korea should take, including regulatory reforms and developing a domestic stablecoin to protect against foreign dominance in digital finance.

Financial analysts, including xCrypton’s CEO Kim Jong-seung, emphasized that without an internal stablecoin, South Korea may lose its monetary influence. The discussions align with similar movements in Japan and Hong Kong, indicating a broader regional trend towards integrating digital assets into national strategies.

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