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Following the successive approvals in the United States and Hong Kong, South Korea's Bitcoin spot ETF listing plans are also accelerating, and new products are expected to be launched within this year. This move is highly significant, marking a gradual shift in major Asian economies' attitudes toward digital assets.
More notably, South Korea's new digital asset law imposes stricter constraints on stablecoins. This new framework requires stablecoins to be backed by 100% reserve collateral and explicitly guarantees users' redemption rights, effectively placing a tight leash on stablecoins to prevent risks at the source.
Beyond the financial sector, South Korea has an even more ambitious goal — to migrate 25% of its fiscal operations to blockchain by 2030. This mainly refers to digital tokens supported by bank deposits. It may sound abstract, but the practical application scenarios are quite clear: such as automated payment systems for electric vehicle charging infrastructure, public consumption settlements, and more. This approach can significantly shorten payment cycles and reduce fraud risks. In simple terms, South Korea is shifting blockchain from hype to practical application.