On April 29, according to Edaily, the ruling National Power Party of South Korea announced seven new policies to cultivate the digital asset ecosystem, planning to open up spot ETF transactions such as Bitcoin within the year, and abolish the "1 exchange-1 bank" restrictions to promote institutional entry. Policies also include the introduction of stablecoin supervision, the promotion of STO legislation, the formulation of the Basic Law on Digital Assets, etc. The party plans to set up a special committee on virtual assets directly under the presidential candidates to coordinate the promotion of relevant reforms.
South Korea plans to launch seven major crypto policies to open spot ETF trading within the year
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