#CryptoNewss #BTC #criptonews

South Korea's ruling People's Power Party has unveiled plans to implement crypto reforms, aiming to boost the industry.

Key initiatives include approving spot crypto ETFs this year, relaxing the "one exchange – one bank" rule to let crypto exchanges choose banking partners freely, and allowing corporate crypto trading for non-profits and over 3,500 companies.

The party also plans to adopt the Digital Assets Promotion Act, introducing new listing standards, disclosure requirements, and stablecoin regulations. A Special Committee on Virtual Assets will be established under the Presidential Administration.

However, the implementation of these reforms hinges on the outcome of the early presidential elections on June 3. If passed, these initiatives could significantly impact South Korea's crypto landscape, providing clarity and opportunities for growth.

The proposed changes reflect the government's efforts to adapt to the evolving digital asset market.