According to @_RichardTeng, South Korea has advanced a motion for a Digital Assets Basic Act, and Binance aims to support the country's goal of becoming a global crypto hub by bringing its expertise and liquidity. Source: twitter.com/_RichardTeng/status/1965325653127102797 Teng linked to a Korea Times report titled 'Binance stresses compliance as it waits for regulatory approval in Korea,' highlighting that the exchange is prioritizing compliance while seeking regulatory approval to operate locally. Source: koreatimes.co.kr/economy/cryptocurrency/20250908/binance-stresses-compliance-as-it-waits-for-regulatory-approval-in-korea For traders, the actionable takeaway is Binance’s stated plan to add liquidity to the Korean market, with timing dependent on regulatory approval and the progress of the Digital Assets Basic Act motion. Source: twitter.com/_RichardTeng/status/1965325653127102797; koreatimes.co.kr/economy/cryptocurrency/20250908/binance-stresses-compliance-as-it-waits-for-regulatory-approval-in-korea

According to @Excellion, he met with South Korean National Assembly member Min Byung-duk, who proposed the Digital Assets Basic Act in June and introduced an amendment to the country’s BTC spot ETF bill, source: @Excellion. The discussion centered on Bitcoin strategies for Korea and the urgency of national adoption, source: @Excellion. Reporters from Maekyung and News1 were present, and traders can monitor these outlets for follow-up coverage, source: @Excellion. For trading relevance, monitor South Korea’s National Assembly updates and local media for developments on the Digital Assets Basic Act and the BTC spot ETF amendment during Asia market hours, source: @Excellion.