South Korea plans to introduce seven major crypto policies and open spot ETF trading within the year

According to Edaily, the ruling National Power Party of South Korea has announced seven new policies to cultivate the digital asset ecosystem. It plans to open up spot ETF trading such as bitcoin within the year, and abolish the "1 exchange-1 bank" restriction to promote the admission of institutions. The policy also includes the introduction of stablecoin supervision, the promotion of STO legislation, and the formulation of a basic law for digital assets. The party plans to set up a special committee on virtual assets under the direct supervision of the presidential candidate to coordinate and promote relevant reforms.