South Korean Lawmaker Proposes Amendment to Include Digital Assets as Underlying Assets for Financial Products

According to Foresight News, South Korean Democratic Party lawmaker Min Byung-duk today initiated an amendment to the Capital Markets and Financial Investment Business Act, aiming to include digital assets within the scope of underlying assets and trust property for financial investment products. This amendment will allow digital assets like Bitcoin to serve as underlying assets for financial products such as ETFs, and provide a legal basis for trust operators to custody and manage digital assets. If the bill passes, South Korean investors will be able to indirectly invest in digital assets through institutionalized financial products, helping to enhance investor protection and market transparency.