【South Korea makes a big move! Bitcoin ETF legislation accelerates, digital assets are about to be fully 'financialized'!】
The South Korean political scene is making significant progress: Democratic Party member Min Byung-deok has officially submitted an amendment to the 'Capital Markets and Financial Investment Services Act', aiming to include Bitcoin and other virtual assets as underlying assets for financial products such as ETFs, and granting trust companies legal custody rights!
The core content of this legislative amendment:
Digital assets = underlying assets of financial investment products
Virtual currencies like Bitcoin can be legally embedded in institutional products such as ETFs and trusts
Trust institutions can legally custody and manage crypto assets, bridging traditional finance
Enhancing protection for retail investors and strengthening market regulatory transparency
This is not only a key campaign promise of South Korean President Lee Jae-myung, but also an important milestone in the crypto transformation of Asian financial markets!
Once passed:
The entire South Korean household assets can easily allocate to crypto assets
Traditional financial capital will officially enter the market to share the dividends
Core assets like Bitcoin and ETH will welcome a dual drive of compliance and capitalization
South Korea will become a strong competitor in the Asian digital finance center!
South Korea is not just following a trend, but is accelerating the establishment of the next generation of digital financial order. From exchange custody, trust structures, to ETF legality, every step is paving the way for capital to be put on-chain.
Don't wait until the trend materializes to regret, the wave of institutionalization is sweeping across Asia, and the next wave of Bitcoin valuation reassessment may just start from here!
