According to reports from Wu, the ruling party of South Korea, the People Power Party, announced seven new policies, planning to open spot ETF trading for Bitcoin and others within the year, and abolishing the '1 exchange - 1 bank' restriction to encourage institutional entry. The policies also include introducing stablecoin regulations, advancing STO legislation, and formulating a basic law for digital assets. The party plans to establish a special committee on virtual assets directly under the presidential candidate to coordinate and promote relevant reforms.

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