The President of South Korea has appointed the former CEO of Hashed Research as the head of the Policy Office.

Gate News bot message, South Korean President Lee Jae-myung appointed former Hashed Research CEO Kim Yong-bum as the head of the Presidential Policy Office, a ministerial-level position responsible for formulating national policy direction. Kim Yong-bum previously served as the Deputy Minister of Economy and Finance in the Moon Jae-in administration.

Simon Kim, the CEO of Hashed, stated: "The Lee Jae-myung government has taken an open stance on cryptocurrencies and plans to promote stablecoins denominated in Korean won to prevent the outflow of national wealth." Simon Kim also mentioned that South Korean regulators are closely observing the U.S. cryptocurrency policies and considering referencing its regulatory model.

Source: CoinDesk

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