South Korea Unveils Bold Virtual Asset Reforms
South Korea’s People Power Party is pushing for sweeping changes in the country’s virtual asset policies. As part of its presidential agenda, the party plans to scrap the "one exchange, one bank" rule, allowing exchanges more banking options. Key proposals include opening virtual asset trading to corporations and institutional investors, introducing spot ETFs, advancing security token regulations, creating stablecoin guidelines, and establishing a new tax system tailored for digital assets. These initiatives signal a major step toward fostering a more dynamic and secure crypto environment in South Korea.
