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


by Peter Mwangi
for CoinEdition
South Korea’s Governing Party Presses Regulators To Allow Bitcoin Spot ETFs

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  • 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.

Read the article at CoinEdition

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In This News

Coins

$ 86.60K

-0.77%

$ 0.00636

$ 0.000603


Share:

Read More

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


by Peter Mwangi
for CoinEdition
South Korea’s Governing Party Presses Regulators To Allow Bitcoin Spot ETFs

Share:

  • 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.

Read the article at CoinEdition

In This News

Coins

$ 86.60K

-0.77%

$ 0.00636

$ 0.000603


Share:

In This News

Coins

$ 86.60K

-0.77%

$ 0.00636

$ 0.000603


Share:

Read More

K33 Says Long-Term Bitcoin Holder Selling May Be Nearing Exhaustion

K33 Says Long-Term Bitcoin Holder Selling May Be Nearing Exhaustion

Bitcoin’s prolonged sell-side pressure from long-term holders may be approaching its ...
Stunning Bitcoin Whale Transfer: $380 Million in BTC Vanishes Into New Wallet

Stunning Bitcoin Whale Transfer: $380 Million in BTC Vanishes Into New Wallet

BitcoinWorld Stunning Bitcoin Whale Transfer: $380 Million in BTC Vanishes Into New ...