South Korea Plans to Introduce Seven Major Crypto Policies, Open Spot ETF Trading Within the Year

BlockBeats News, April 29th. According to Edaily, the ruling party of South Korea, the People Power Party, has announced seven new policies to nurture the digital asset ecosystem. The party plans to open cryptocurrency ETF trading, including Bitcoin, within the year and abolish the "1 exchange-1 bank" restriction to encourage institutional participation. The policies also involve introducing stablecoin regulations, promoting STO legislation, enacting a basic digital assets law, among others. The party intends to establish a special virtual asset committee directly under the presidential candidate to coordinate the advancement of these reforms.