MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges 
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency 
Australia’s Under-16 Social Media Ban Sparks Global Debate and Early Challenges 
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters 
Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates 
Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push 
The Bank of Korea (BOK) recently announced that cryptocurrencies pose little risk to South Korea’s domestic market, Cointelegraph reported. The analysis comes in the wake of the institution’s publication of a report covering the influence of virtual currencies in the country’s financial industry.
According to the BOK’s paper, the overall crypto ecosystem is estimated to operate around 2 trillion won ($1.79 billion). This number is relatively low compared to the dealings of the country’s brokerage houses, which are estimated to value at 26 trillion won ($23.27 billion), placing the cryptocurrency’s number at around 8 percent of the overall market. Hence, the Bank of Korea has deemed virtual currencies as small players when pitted against the large financial industry.
“The amount of crypto-asset investment is not really big, compared with other equity markets, and local financial institutions' exposure to possible risks of digital assets is insignificant,” the report read. “Against this backdrop, we expect crypto-assets to have a limited impact on the South Korean financial market."
And even when the Bank of Korea’s analysis included the famous explosion of Bitcoin’s value last December, virtual currencies were still found wanting. This finding is similar to the one found by the German government, which declared crypto as insufficient to replace transactions handled by traditional methods.
The Bank of Korea’s analysis was released the same week after the Korean Financial Services Commission (FSC) said that it was supporting cryptocurrencies. What’s more, the agency means to follow the G20’s vision of a uniform regulation encompassing the crypto market.
This merging of guidelines will set a precedent that’s estimated to be the foundation of how the legislative framework should be shaped. The Bank of Korea’s analysis will likely be included in the data that will help put this regulatory restriction in place, along with other analyses released by private and public institutions.
