Foreign media: South Korea's ruling party considers allowing Bitcoin spot ETFs in election promises

2024-02-19 19:06:13

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According to ChainCatcher news, South Korea's ruling party, the People Power Party, is considering allowing U.S.-approved Bitcoin spot ETFs in their election promises. In addition to Bitcoin spot ETFs, the right-wing party also stated that it would review legislative measures to approve other cryptocurrency-related investment products that have been approved in the U.S. Currently, due to a ban by financial authorities, overseas Bitcoin spot ETFs are not allowed to be traded through domestic securities companies.

Furthermore, the ruling party plans to consider gradually lifting the country's ban on institutional investments in cryptocurrencies and Initial Exchange Offerings (IEOs), and also plans to establish a "Digital Asset Promotion Committee."

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Bitcoin Spot ETF South Korea

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