South Korea’s People Power Party Vows to Approve Bitcoin Spot ETFs, Scrap Banking Rule by 2025 Ahead of June 3 Election

South Korea’s ruling People Power Party has pledged to approve Bitcoin spot exchange-traded funds (ETFs) and abolish the ‘one exchange, one bank’ policy if it wins the upcoming June 3 election. This policy change would allow expanded bank access for cryptocurrency exchanges. The move aims to facilitate spot crypto ETF trading within 2025, marking a significant shift in South Korea’s regulatory stance on digital assets. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant