South Korea plans to launch seven crypto policies and plans to open BTC spot ETF trading within the year

Odaily News According to Edaily, South Korea’s ruling party, the People’s Power Party, announced seven new policies to cultivate the digital asset ecosystem. It plans to open spot ETF transactions such as BTC within the year and abolish the “1 exchange-1 bank” restriction to promote the entry of institutional funds. Other policies include introducing a stablecoin regulatory framework, promoting STO legislation, and formulating a basic law on digital assets. The party also plans to set up a special virtual asset committee directly under the presidential candidate to coordinate and promote related reforms.