South Korea’s Crypto Industry More Optimistic Than Ever Despite Bear Market

Throughout the past two months, investors in the local crypto market of South Korea have continuously expressed their optimism towards a drastic change in the regulatory landscape of crypto.

Since early February, the crypto market has endured the third-worst correction in its history, experiencing a 78 percent decline in price. Despite the bear market, the cryptocurrency industry of South Korea has seen significant progress pertaining to regulation and adoption.

Crypto Will Soon be a Legitimate Industry in South Korea

Due to the extreme volatility of the cryptocurrency market, the vast majority of investors in the global market have recently been focused on the short-term price trend and movements of major cryptocurrencies.

However, while the price of cryptocurrencies is an important metric that demonstrates the level of adoption of digital assets, it is equally crucial to acknowledge positive developments in the cryptocurrency sector.

Since June, the cryptocurrency market of…