CandleFocus Korea’s Vague Regulation Caused Crypto Migration to Rise 2.3X in 2024
2025-01-24
Author: Content Editor
The crypto industry in South Korea is experiencing growth and popularity, but a lack of clear regulatory policies is causing crypto companies and talent to migrate to other countries. The country's domestic centralized exchanges are moving to other countries due to vague regulations, and Korean Web3 firms are also relocating to crypto-friendly nations. This migration of talent and companies is concerning for South Korea as it risks falling behind in crypto innovation and development. The country lacks clear guidelines for sub sectors within the crypto industry, and the recent crypto executive order in the US is widening the disparity, further incentivizing migration to the US.
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