Korea is positioning itself ahead of strong regional players in the field of cryptocurrency, like Singapore and Japan, by focusing on a smarter institutional strategy, according to a blockchain expert on Friday. While Singapore and Japan have been pioneers, Korea is making a clear commitment to proactive regulatory control, said Marcos Viriato, co-founder and CEO of Rayls, a blockchain firm developed by Parfin. With the Bank of Korea (BoK) signaling its preference for won-based stablecoins to be introduced gradually through regulated banks, it is ensuring that digital currency used for settlement has the same integrity and trust as the Korean won itself, he added. Rayls combines the compliance with governance regulators’ demands with the scalability and security Web3 requires. It’s a chain being designed for real-world adoption, where central banks, asset managers and fintech companies can safely build and transact at scale. “Recently, the issue of how the Digital Asset Basic Act and stablecoin policy create the regulatory foundation for institutional-grade digital markets is takin