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

April 29th. As per Edaily, the ruling party in South Korea, the People Power Party, has declared seven new policies for nurturing the digital asset ecosystem. The party aims to commence cryptocurrency ETF trading, encompassing Bitcoin and others, within the year and do away with the "1 exchange - 1 bank" restriction in order to stimulate institutional participation. The policies also comprise introducing regulations for stablecoins, advancing STO legislation, and enacting a fundamental digital assets law, etc. The party intends to set up a special virtual asset committee directly under the presidential candidate to coordinate the implementation of these reforms.