$SOL 🇰🇷 South Korea plans significant reforms in the crypto sector
✍️ The ruling party People Power Party (PPP) presented ambitious initiatives:
➡️ Approval of spot cryptocurrency ETFs this year.
➡️ Elimination of the “one exchange – one bank” rule, allowing exchanges to freely choose their banking partners.
➡️ Allowing corporate trading of cryptocurrencies for non-profit organizations and over 3,500 companies.
➡️ Approval of the Digital Asset Promotion Act, which will establish new standards for listing, disclosure, and regulation of stablecoins.
➡️ Creation of a Special Committee on Virtual Assets under the presidency.
ℹ️ P.S. The implementation of these measures will depend on the outcome of the early presidential elections on June 3.
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