The Power Party of Korea’s Dominant People (PPP) has announced a large set of crypto reforms. Approval of Funds (ETFs) traded on cryptocurrency exchanges Modification of The country’s digital asset framework.
announcement It was It was held at the Emergency Response Committee meeting on Monday, April 28th, 2025. This is due to political tensions rising following the recent release of President Yoon Seok Yeol’s recent ammo each and removal over the illegal imposition of martial law.
Radioactive fallout was the setting for the SNAP presidential election on June 3, with crypto policy emerging as an important campaign issue.
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The ruling party pledges to legalize the Spot Crypto ETF
The heart of the PPP pledge is the legalization of Spot Crypto ETFs. This is a move aimed at aligning South Korea with global financial markets.
Citing the Securities and Exchange Commission’s decision in January to approve the Spot Bitcoin ETF, Congressman Park Soo-Min emphasized the urgency to pace it with international regulatory development.
Alongside the ETF push, the parties have pledged to dismantle the “one exchange, one bank” rules. This currently limits cryptocurrency exchanges to a single bank partner.
Critics argue that the policy has curtailed competition and consumer choices in the country’s fast-growing digital asset market. “It’s extremely restrictive to not be able to exchange virtual assets through your preferred bank,” Park said in a session in the Parliament.
Further proposals include expanding access to the crypto market For institutional players. If PPP maintains power, the plan allows nonprofit organizations to trade digital assets from the second quarter.
According to local news, the Korean People’s Power Party has vowed to abolish the “one exchange, one bank” policy, approve the Bitcoin Spot ETF in 2025, and to approve the Bitcoin Spot ETF in 2025. pic.twitter.com/7zywgfp4er
– Office area (@coinbureau) April 29, 2025
Bid on The PPP brings clarity and confidence to the market and proposes the establishment of a Virtual Assets Special Committee under the President’s Office.
This body will be supervised implementation of A new regulatory regime, including the Framework Act on the Promotion of Digital Assets. The proposed law will be introduced More clear Rules for exchange operations, asset lists, and transaction disclosures.
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PPP implementing Stablecoins regulatory systems
Rep. Choi Bo-Yoon pointed out that the PPP is aiming to implement a stubcoin regulatory system based on global standards, increasing transparency and investor protection.
The party’s platform reflects the recent deregulation trend in the United States, where former President Donald Trump advocated for rollbacks of debt broker rules. Cryptographic integration Towards a national financial strategy.
PPP presidential candidate Hong Joon-Pyo has embraced a similar stance, pledging to reduce regulatory barriers and expand the use of blockchain in public services.
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Key takeout
- The ruling South Korea’s party has pledged to legalize spot crypto ETFs and dismantle the exchange’s restrictive banking rules.
- The proposed reforms include the creation of a Virtual Asset Task Force to oversee the new digital asset regulatory framework.
- The plan also calls for a global standard of regulatory system for broader institutional access to stable, ridiculous markets.
The ruling post-Korea party has pledged to approve the Spot Crypto ETF until the end of the year.
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