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- 🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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Korea FSC Chairman Nominee: Crypto Assets Do Not Have Storage Value Payment Function and Hold Cautious Attitude Towards Pension Investment
[Chain News] On September 1, Lee Eok-won, the nominee for the chairman of the South Korean Financial Services Commission (FSC), stated before the confirmation hearing that Crypto Assets cannot serve as a store of value or a payment medium due to high Fluctuation and lack of Intrinsic Value. He expressed a cautious attitude towards pension and retirement fund investments in Crypto Assets and pointed out that local crypto ETFs are still controversial. Lee's remarks have been criticized by industry professionals as a regression, but he also supports South Korea's plan to promote the local stablecoin market.