According to ChainCatcher, the Korean People's Power Party announced that it will abolish the 'one exchange, one bank' system for virtual assets and other policies as a core commitment for the presidential election.

The policies proposed by the party include lifting the restriction of 'one exchange only connecting to one bank', legalizing virtual asset trading for enterprises and institutional investors, introducing a virtual asset spot ETF, advancing STO legislation, establishing a regulatory framework for stablecoins, formulating a 'Basic Law for the Revitalization of Digital Assets', and building an innovative tax system for virtual assets.

These policies aim to comprehensively reform the regulatory framework of Korea's virtual asset market and promote the healthy development of the digital asset industry.