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Tim Alper

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Tim Alper

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Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked…

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August 13, 2025

South Korea’s government is set to fast-track pro-business crypto reforms, including stablecoin regulations.

The South Korean newspaper Metro Seoul reported that the Presidential Committee on State Affairs announced its plans at a public briefing on August 13.

South Korea Crypto Reform Taking Shape

The committee spoke of a five-year plan for state administration, naming 123 state affairs-related tasks.

Among these tasks named were “the construction of a digital asset ecosystem” and “developing the domestic cryptoasset market.”

Both were identified as “key national tasks” for the administration, which took office in early June this year following the election of President Lee Jae-myung.

Lee has spoken repeatedly about his intention to build up the domestic crypto sector, with deregulation and stablecoin regulation high on his agenda.

The President appears keen to let domestic firms issue won-pegged stablecoins. Leading banks and IT companies have reacted by registering scores of stablecoin-related trademarks.

Others are hurriedly rolling out crypto-related business plans, aware that this may allow non-financial firms to develop advanced payment platforms.

However, one of President Lee’s key campaign pledges was left off the five-year plan, namely the dissolution of the Financial Services Commission (FSC).

The FSC is the nation’s top financial regulator. Its Financial Intelligence Unit (FIU) polices the country’s crypto exchanges, issuing operating permits and conducting periodic on-site inspections.

It also enforces anti-money laundering and terrorist financing protocols at the trading platforms.

FSC: Vociferous Critic No More?

In previous years, the FSC has been a vociferous critic of the crypto sector. But in recent years, as governments have relaxed their hardline stance to the industry, it has spoken in favor of reform.

Under the proposal, FSC’s supervisory duties were to transfer to the Financial Supervisory Service.

The FSC’s policy-related tasks were due to transfer to the Ministry of Strategy and Finance.

But Lee’s plan to scrap the FSC proved controversial, even among senior ministers. While his offices have yet to confirm that the President has shelved the policy, the five-year plan appeared to suggest the proposal may have moved to the back burner.

There was no mention of the regulatory reorganization move on the plan. And seven of the 123 tasks were assigned to the FSC.

The newspaper added that crypto reforms are a “key focus” for both the government and the National Assembly this year.

As such, reforms are “expected to gain momentum” in the weeks ahead, Metro Seoul wrote.

‘Time to Play Catch-up’

Political leaders are concerned that South Korea is being left behind. They note that over the past two years, the global crypto market has expanded by about 262%.

While crypto investment has spiked in the US, the European Union, and Japan, driven by institutionalization drives, the same cannot be said for Seoul. The outlet wrote:

“Delayed institutional reforms and a lack of legislation in South Korea have left the domestic cryptoasset market significantly lagging in terms of competitiveness.”

The FSC has prioritized its plan to allow corporations to buy and sell crypto. It also wants to tak a “more relaxed approach” to regulations.

The regulator has previously spoken of its intention to roll out crypto-related regulations before the end of this year.

However, skeptics say that a final decision on the fate of the FSC is yet to be taken. Talks to abolish the regulator “may resume in the future,” the newspaper explained.

Unnamed financial sector officials opined that the debate over the reorganization of the financial regulators would “continue until the end of the year.”

Earlier this month, the Seoul district of Gangnam announced it had recouped $144,057 in unpaid taxes in the first half of this year by seizing coins from tax evaders.

One of the investors who called and profited off the subprime mortgage collapse of 2008, Steve Eisman, is brushing off concerns over the rising US budget deficit.

In a new interview on CNBC, the Wall Street investor says the heavy demand for US treasuries from across the globe suggests there’s no cause for worry over the deficit.

“There’s a great slogan that I think really applies to politics and international affairs, which is when someone tells you who they are, believe them. But in the market, when someone tells you who they are, don’t believe them [until when] they actually do something with their money.

So all the people who are pontificating about this… The price of this risk is a 10-year Treasury yield. And what’s happened to the 10-year Treasury yield? It’s been directionless since December of 2022. So the more important question is given that all these people are pontificating about it, why hasn’t it moved? And again, I think the reason is there’s no alternative to Treasuries.

If there was a real alternative to Treasuries, then all of this stuff about the deficit is something that I would pay attention to. But as long as there’s no alternative, there’s nothing to talk about.”

Eisman also says the demand for US bonds all over the world is “insatiable” and that he believes investors will always show up in Treasury auctions to accumulate government debt.

Late last month, Eisman said he was optimistic about the stock market due to the long-term growth potential of the US economy.

“We’ve been in a bull market pretty much for the last 10 years with some fits and starts. And so buy the dip has become almost a religion. It’s a religion that right now I largely subscribe to because I am of the view… that the US economy is more dynamic than it’s ever been in my lifetime. So long term, I am very bullish.”

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• Breakthrough announcements by Yuma Group, peaq, Pulsar, Somnia, and Entravel set the tone at Proof of Talk 2025, where visionary discussions, like Silvio Micali’s tokenless Fiat Chain, pushed the boundaries of what’s next for AI and decentralized systems – from infrastructure to finance
• More than 3,000 leaders from policy, finance, and blockchain gather for powerful conversations, key announcements, and groundbreaking initiatives in the heart of Paris

Returning to the historic Louvre Paris, Proof of Talk 2025 delivered its most impactful edition yet, welcoming over 3,000 attendees from across the globe for two days of high-level dialogue, transformative insights, and real-world action across DeAI, DeFi, tokenization, and beyond.

Proof of Talk once again proved itself as the forum where traditional finance, frontier tech, and decentralized builders converge to shape the future of global systems, with Barry Silbert making a highly anticipated return to the public stage after nearly five years away. In a headline-making panel with Mosaic Venture Partners’ David Lawee and former Forbes Senior Reporter Michael del Castillo, Silbert announced that Yuma Group will launch an asset management business focused on alpha token strategies. The initiative marks Silbert’s entry into the rapidly growing Bittensor ecosystem and is designed to give institutional investors streamlined access to high-potential teams and projects building across its subnets, potentially signaling a pivotal moment in Bittensor’s evolution.

Bittensor also took center stage at Proof of Talk 2025, with Co-founder Jacob Steeves delivering a standout keynote, “Satanic to Sublime: Aligning Human Potential Through Open-Ownership Protocols.” The mainstage was packed to the last seat, with attendees standing to hear his powerful vision for decentralized AI and open-ownership systems.

Some other standout announcements include Somnia, detailing how Sparkball, backed by $2M and developed by industry veterans, will leverage Somnia’s Layer 1 network to introduce on-chain wager mechanics and prize tournaments and transform the esports landscape; and Entravel launching EntravelX, the world’s first Telegram-native hotel booking app, tailored for the growing wave of crypto-savvy travelers.

Unveiled live at Day 2 of Proof of Talk 2025, peaq, the Machine Economy computer, and Pulsar Group, a leading Emirati advisory firm in tech and blockchain, also announced the launch of the world’s first Machine Economy Free Zone (MEFZ), set to roll out in Abu Dhabi and Dubai while legendary MIT professor and Algorand founder Silvio Micali took the main stage to unveil a bold new vision for blockchain: the Fiat Chain, a public, decentralized ledger that operates without a native cryptocurrency.

Zohair Dehnadi, Co-Founder and CEO of Proof of Talk, said:

“Proof of Talk 2025 has marked a milestone in bringing together visionary leaders and groundbreaking projects in the blockchain space. With announcements like Somnia’s ecosystem expansion and deep discussions on finance and tokenization, it’s clear that this industry is moving beyond innovation to become a core part of our digital future. We’re excited to keep driving this momentum.”

Over 700 industry-leading Web3 companies were present at Proof of Talk 2025, showcasing their latest innovations and thought leadership across one of the space’s most influential and curated exhibitions. Title sponsors included MEXC Ventures, the investment arm of the global cryptocurrency exchange MEXC, Unit Network, a decentralized financial ecosystem enabling trading of real-world and digital assets through tokenization, Somnia, a pioneer in immersive metaverse infrastructure; CertiK, the premier blockchain security firm; and General Tao and Tao Ventures, builders and investors in decentralized AI infrastructure, both recognised as thought leaders within the Bittensor ecosystem.

Wrapping up an inspiring two days of conversations and innovation, Proof of Talk 2025 culminated with the launch of the Top 50 Women in Web3 & AI initiative, in partnership with CoinDesk and TON Foundation, celebrating leading female innovators in blockchain and AI. The winners were recognised at an exclusive gala dinner, honoring excellence, leadership, and the power of representation in tech. Among them were Daniela Amodei, Co-founder and President of Anthropic; Anima Anandkumar, Bren Professor of Computing and Mathematical Sciences at the California Institute of Technology; and Betsabe Botaitis, Chief Financial Officer of Hedera. The launch highlighted the vital need for greater representation and recognition of women in tech’s fastest-growing fields.

With event highlights such as the Investor Dinner and Proof of Pitch Startup Competition and over 140 VCs joining from a16z, Pantera Capital, Arrington, Borderless, Animoca Brands, and Haun Ventures, alongside institutional heavyweights such as BlackRock, J.P. Morgan, and Goldman Sachs, this years event made one thing clear: crypto is here to stay.

Following the success of the 2025 edition, Proof of Talk will return in 2026 with an expanded format and a continued commitment to hosting the most influential conversations in Web3 and beyond. For more information on future editions and partnership opportunities, visit: www.proofoftalk.io.

Strategy co-founder Michael Saylor has publicly expressed interest in discussing Bitcoin on the world’s most-listened-to podcast, The Joe Rogan Experience.

“Hey @joerogan, let’s talk about Bitcoin,” Saylor said in a May 31 X post in response to a Joe Rogan fan account asking, “Who’s one guest you’d love to see Joe Rogan interview that he hasn’t had on yet?”

Saylor’s post triggered excitement among the Bitcoin community 

Saylor’s post prompted speculation within the Bitcoin (BTC) community. Popular Bitcoiner, The Bitcoin Therapist, said, “This interview will shatter the internet.”

Crypto analyst Kook told their 164,200 X followers that “Saylor is going to Bitcoin pill Joe Rogan.” Meanwhile, crypto commentator Brandon MacDougal said, “For the first time ever, I’ll be watching a Joe Rogan podcast if Saylor is there.” 

Rogan has frequently discussed crypto and Bitcoin on his podcast and has made several pro-Bitcoin comments over the years. In an October 2023 episode with OpenAI co-founder Sam Altman, Rogan said that Bitcoin fascinates him the most of all cryptocurrencies.

“The real fascinating crypto is Bitcoin. That’s the one that I think has the most likely possibility of becoming a universal viable currency. It’s limited in the amount that it can be,” Rogan said.

“I love the fact that it’s been implemented,” he added.

Although Rogan has yet to respond to Saylor’s post, featuring a guest from the Bitcoin industry wouldn’t be unfamiliar territory. Even in Bitcoin’s early days, Rogan gave the topic airtime on his podcast.

Between 2014 and 2016, Bitcoin entrepreneur Andreas Antonopoulos made several appearances on Rogan’s podcast when Bitcoin was still trading below $1,000.

Related: Ethereum’s ‘own Saylor’ SharpLink Gaming plans $1B ETH purchase

Saylor’s firm Strategy, holds 580,250 Bitcoin, worth $60.47 billion, according to Saylor Tracker. 

Saylor recently speculated why Bitcoin’s price is not yet $150,000. He said holders without a long-term outlook have been selling off while a new cohort of investors are beginning to enter the market.

“I think we’re going through a rotation right now,” Saylor said on the Coin Stories podcast with Natalie Brunell on May 9.

Magazine: Coinbase hack shows the law probably won’t protect you: Here’s why

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