from South Korea, USA spot Bitcoin ETF After its approval, he said that he was not keen on spot ETFs and that they violated the country’s laws.
However, the approach to spot ETFs in the country has begun to change.
According to the news of South Korean local news agency News1, The country’s ruling party, the People Power Party, has started campaigns for the general elections to be held in April and its promises include spot Bitcoin ETF approval.
At this point, the ruling party said it was looking at ways to allow spot Bitcoin ETFs as part of its promises.
The news also included the ruling party’s spotlight BTC In addition to its ETFs, it is also said to be reviewing regulatory measures to approve other cryptocurrency-related investment products green-lit in the US.
The ruling party also said it plans to gradually lift the country’s ban on institutional investment and initial exchange offerings (IEOs) in crypto.
In the case of institutional crypto investment, the ruling party is also exploring the possibility of allowing investment firms to buy crypto before allowing banks or insurance companies, according to the report.
The party will also have sufficient authority to propose laws and impose sanctions regarding digital assets. “Digital Asset Promotion Committee” He promised to create
It was also stated that the party is working to further withdraw the tax that will be applied to cryptocurrency earnings from the beginning of 2025 to 2027.
*This is not investment advice.
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