South Korea plans to promote seven major cryptocurrency policies and open spot ETF trading within the year

BlockBeats news, on April 29th, according to Edaily, the ruling party of South Korea, the National Power Party, announced seven new policies to cultivate a digital asset ecosystem, planning to open up spot ETF trading such as Bitcoin within the year and abolish the "1 exchange -1 bank" restriction to promote institutional entry. The policy also includes introducing stablecoin regulation, promoting STO legislation, and formulating a basic law for digital assets. The party plans to establish a special committee on virtual assets directly under the presidential candidate to coordinate and promote relevant reforms.