South Korea plans to introduce seven cryptocurrency policies and aims to open BTC spot ETF trading within the year

ChainCatcher news, according to Edaily, the ruling party in South Korea, the People Power Party, has announced seven new policies to cultivate the digital asset ecosystem, planning to open spot ETF trading for BTC and others within the year, and to abolish the "1 exchange - 1 bank" restriction to promote institutional capital entry.

Other policies include introducing a regulatory framework for stablecoins, advancing STO legislation, and formulating a basic law for digital assets. The party also plans to establish a special committee for virtual assets directly under the presidential candidate to coordinate related reforms.