#SouthKoreaCrypto

South Korea Plans Major Crypto Reforms

The ruling People’s Power Party (PPP) has shared big plans to change crypto rules:

Approve spot crypto ETFs within this year.

End the “one exchange – one bank” rule, so exchanges can choose any banking partner.

Let over 3,500 companies and non-profits trade cryptocurrencies.

Pass the Digital Assets Promotion Act to set new rules for coin listings, stablecoin regulations, and disclosures.

Set up a Special Committee on Virtual Assets under the President’s office.

Note: These plans depend on the results of the early presidential election on June 3.