South Korea's crypto circle is making headlines: Former CEO of Hashed appointed as policy officer at the presidential office, and a Korean won stablecoin may be launched.

Newly elected President of South Korea, Lee Jae-myung, has appointed the former CEO of Hashed Research, Lee Jae-myung, as the Chief Policy Officer of the South Korean Presidential Office. Lee Jae-myung previously served as the Deputy Minister of Economy and Finance during the Moon Jae-in administration, and his appointment is seen as making him one of the senior officials in the South Korean government most knowledgeable about Crypto Assets and Web3. Analysts point out that the Lee Jae-myung government is expected to adopt a friendly stance towards Crypto Assets. One of the first policy initiatives after Lee Jae-myung's inauguration may be to promote the issuance of a stablecoin based on the Korean Won, aimed at preventing capital flight, which aligns with the governance priorities previously emphasized by President Lee Jae-myung.