According to the Korea Herald, the Bank of Korea pointed out in its "Financial Stability Report for the Second Half of the Year" that as the global "institutionalization of virtual assets" progresses, the institutional processes such as ETFs are strengthening, and the linkage between the cryptocurrency market and traditional financial markets has significantly increased, with price fluctuations now able to transmit to traditional assets such as stocks. If South Korea advances institutionalization domestically, it is essential to establish cross-market transmission and risk management mechanisms. The report also states that the current domestic cryptocurrency market in South Korea is still primarily individual-based, with limited institutional participation and financial products, hence the transmission effect is temporarily lower than that overseas.