🇰🇷 South Korea Promises to Carry Out Crypto Reforms

The ruling People's Power Party (PPP) has announced ambitious plans:

▪️Approval of spot crypto ETFs this year.

▪️Cancellation of the “one exchange – one bank” rule – crypto exchanges will be able to freely choose banking partners.

▪️Allowing corporate cryptocurrency trading for non-profit organizations and over 3,500 companies.

▪️Adoption of the Digital Assets Promotion Act - new listing standards, disclosure and regulation of stablecoins.

▪️Creation of a Special Committee on Virtual Assets under the Presidential Administration.

P.S. The implementation of these initiatives depends on the results of the early presidential elections on June 3.