South Korea's Ruling Party Vows to Approve Spot Crypto ETFs, Scrap Key Banking Rule

South Korea’s Ruling Party Proposes Spot Crypto ETF Trading and Banking Reform

As South Korea heads into its upcoming presidential election scheduled for June 3, the People Power Party (PPP) has introduced a wide-ranging set of crypto policy proposals aimed at reshaping the country’s digital asset market. In a meeting held Monday at the National Assembly, the PPP outlined seven new initiatives that include lifting key restrictions […]

South Korea Moves Toward Spot Bitcoin ETFs With New Crypto Regulations

South Korea’s PPP plans to approve spot Bitcoin ETFs and reform crypto regulations by 2025. The party aims to abolish banking restrictions and establish a global standard for stablecoins. PPP proposes a Virtual Asset Special Committee and new laws for digital asset and STO regulation. South Korea’s People Power Party (PPP) has announced a full package of regulatory changes to strengthen the country’s virtual asset ecosystem. During a Monday sess…

South Korea's Ruling Party Backs Spot Crypto ETFs

South Korea’s ruling People Power Party (PPP) is advancing a significant shift in the nation’s cryptocurrency policy by proposing the legalization of spot crypto exchange-traded funds (ETFs) and expanding institutional access to digital assets. This initiative is part of the PPP’s strategy to appeal to younger voters in the lead-up to the April 10 general election. Embracing Spot Crypto ETFs In early March 2025, the PPP announced plans to review…

South Korea’s PPP Pushes For Crypto ETF Approvals, Vows To Repeal Key Banking Rule

PPP vows to approve spot crypto ETFs, scrap restrictive banking rule Corporate crypto trading and stablecoin regulation set for overhaul Election outcome could determine fate of PPP’s crypto reforms The People Power Party (PPP) of South Korea has proposed major crypto sector reforms that seek to approve spot crypto exchange-traded funds (ETFs) and eliminate banking rule restrictions. The party intends to allow corporate crypto trading and stable…

Key Points of the News The People's Power Party of South Korea promises to boost the trade of cryptocurrencies ETFs in cash this year, attracting voters in the run-up to the presidential elections. The removal of the "one exchange, one bank" rule will allow greater flexibility in bank access for cryptocurrencies exchanges. The proposal also includes a regulatory framework for stablecoins and legalization of security token offers, following globa…

South Korea’s Ruling Party Pledges Spot Crypto ETF Approval By Year-End

South Korea’s ruling People Power Party (PPP) has unveiled a sweeping set of crypto reforms, including the approval of spot cryptocurrency exchange-traded funds (ETFs) and a revamp of the nation’s digital asset framework. The announcement was made during an emergency response committee meeting on Monday, 28 April 2025. This comes amid heightened political tensions following the recent impeachment and removal of President Yoon Suk Yeol over his i…