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CEO of Dunamu Urges South Korean Government to Allow IE0 Trading Platforms for Cryptocurrencies

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CEO of Dunamu Urges South Korean Government to Allow IE0 Trading Platforms for Cryptocurrencies

On March 16th, Lee Sir-goo, CEO of Dunamu, an operator of Upbit, a South Korean cryptocurrency trading platform, called on the government to allow the initial trading platform (IE0) of cryptocurrency trading platforms at the DCON 2023: Creating a Healthy Market Digital Assets Conference in Seoul, saying that the digital asset market needs to be differentiated from the existing market, and (IE0 legislation) has not been discussed in depth so far, Although the government has expressed its intention to do so. He said that even in the fledgling Token securities market, it is necessary to create digital financial innovation by encouraging the active participation of innovative blockchain companies.

CEO Dunamu: Calls on the government to allow IE0, and the digital asset market needs to be differentiated from the existing market

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Lee Sir-goo, CEO of Dunamu, the parent company of Upbit, a well-known cryptocurrency exchange in South Korea, has called on the government to allow the initial trading platform (IE0) of cryptocurrency trading platforms at the DCON 2023: Creating a Healthy Market Digital Assets Conference in Seoul. The CEO emphasized the need for the digital asset market to be differentiated from the traditional market and for IE0 legislation to be discussed in-depth. While the government has expressed its intention to regulate the cryptocurrency market, this aspect has not yet been explored in depth.

Lee Sir-goo’s call for the creation of IE0 legislation would enable blockchain companies to participate actively in the Token securities market, which would lead to digital financial innovation. Lee stressed that innovation would help foster the growth of the cryptocurrency market in South Korea, and that the IE0 platform would be a significant factor in this regard.

South Korea is known for its cautious approach to the cryptocurrency market, with the government imposing strict regulations to protect consumers from fraud and money laundering. While these measures have gone a long way in instilling consumer confidence, they have also stifled innovation in the sector.

One of the ways the government can encourage innovation while maintaining regulatory oversight is through the creation of IE0 legislation. This would provide a platform for blockchain companies to launch their digital assets while adhering to regulatory requirements.

In summary, Lee Sir-goo’s call for the creation of IE0 legislation is a step in the right direction for the development of the cryptocurrency market in South Korea. The CEO’s emphasis on innovation is also noteworthy as it highlights the need for blockchain companies to drive growth in the sector. However, it is worth noting that any regulatory changes must incorporate measures that maintain consumer protection while promoting innovation in the digital asset market.

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