As the United States aggressively expands its digital asset industry ecosystem, there are calls for Korea to also nurture innovative companies with global competitiveness at the national level. Advice is being raised that the domestic industry, currently centered around exchanges like Upbit and, thum, thneeds to advance to a level that encompasses mining, security, and infrastructure.
According to the financial sector on the 25th, various companies in the United States are leading the expansion of the entire digital asset industry ecosystem across different sectors, from, trading,, asset management and investment, to security.
In the payment sector electronic payment companies like PayPal, coffee franchise Starb,arbe-Shopifyating commercibased on digital assets such as Bitcoin. In the>
Exchanges are also actively investing in startups through venture capital (VC) beyond their simple trading intermediary functions. Coinbase and Kraken, the top two exchanges in the US, are prime examples. Invested in hundreds of startups in various fields such infrastructure, security, DeFi, Non-Fungible Token, and custody since its establishment in 2018. Kraken Ventures, established in 2021, is also supporting through investment, technical advice, business network, and listing connections.
In domestic digital asset industry, in, the other is stagnexpansion while growing mainly through trading. This is because there are regulatoryties the digital asset-related laws have not yet properly been established, companies, making it difficult for companies to make new investments or attempts. An official from asset, the the US is creating a virtuous cycle by supporting actively investing in exchanges and supporting technology, networks, and listings," and "is acting as a key element in enhancing the industry's self-sustainability.
Unlike overseas where large exchanges lead ecosystem expansion, domestic exchanges are unable to play significant roles due to regulations. According to the Virtual Asset User Protection Act, exchanges cannot support (list) trading of digital assets issued by companies (special relationship parties) holding stakes. While Aptos Coin, which attracted attention lot with Meta alumni developers, grew after receiving investments from Binance Labs and Coinbase Ventures And being listed on these exchanges, such cases cannot be seen domestically. Professor Jae-woo, from Hansung University Blockchain Research Institute advised, said's only competitive sector is the, industry, the so it needs to to actively utilize this to expand the ecosystem," and, ", While conflict of interest issues should be fully fully considered, it can be resolved through strengthening internal control.<>voices are emerging that at the national level, digital asset industry should be positioned as a strategic industry and nurture innovative companies across the entire ecosystem. Just as the US has led IT innovation centered on 'M7 (Apple, Microsoft, Alphabet, Amazon, NVIDIA, Tesla,, we should activate the domestic industry asset ecosystem by concentrating on companies in major digital asset fields such as mining, trading, security, and payment. Another virtual asset industry official suggested, "With the current structure relying solely on exchange functions, it is difficult to expect sustainable growth across the industry," and "One method is for the government to strategically nurture a total of 30 digital asset innovation companies -, 10 unicorns,10 hidden champions,,, and 10 large companies by 2030".
Experts unanimously agree that enacting a basic law covering the entire digital asset industry and preparing a a national mid to long-term roadmap is urgent.. The United States has begun a national-led strategy for digital assets and artificial intelligence (AI) by appointing a 'Crypto Tsar' in the White House during Donald Trump's presidency. Professor Kim Yjin fromgang said, "We must urgently enact laws that include definitions of digital assets, industry segmentation, entry regulations, and various regulatory systems," and "Systematic support must be provided through a a mid to long-term roadmap at the government level, and the private sector must support this with a two-track strategy".
- Reporter Shin Jung-seop
- jseop@sedaily.com
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