According to ChainCatcher, the People Power Party of South Korea announced that it will abolish the 'one exchange, one bank' system for virtual assets as a core commitment in the presidential election.
The policies proposed by the party include removing the restriction of 'one exchange being limited to one bank', legalizing virtual asset trading for enterprises and institutional investors, introducing virtual asset spot ETFs, advancing STO legislation, establishing a regulatory framework for stablecoins, formulating the Basic Law for Digital Asset Revitalization, and building an innovative taxation system for virtual assets.
These policies aim to comprehensively reform the regulatory framework for the virtual asset market in South Korea and promote the healthy development of the digital asset industry.
