South Korea’s Governing Party Presses Regulators To Allow Bitcoin Spot ETFs

• South Korea’s People Power Party (PPP) told financial regulators to greenlight Bitcoin spot ETFs now and said it will table legal amendments in the current National Assembly session if they stall.
• The party said domestic Bitcoin ETFs would let investors use regulated securities accounts, improve transparency, create jobs and strengthen Korean won–denominated assets.
• Both the PPP and the opposition Democratic Party have already pledged to lift the ban on spot crypto ETFs, so momentum is bipartisan.

South Korea’s ruling People Power Party has renewed its push for domestic Bitcoin exchange-traded funds, saying regulators should authorize spot products without further delay. The statement came after the party’s third meeting of the Special Committee on Stock and Digital Asset Value-Up, where members restated that ETF approval was an election pledge and remains par…

Read The Full Article South Korea’s Governing Party Presses Regulators To Allow Bitcoin Spot ETFs On Coin Edition.