{"id":24311,"date":"2025-04-29T10:47:43","date_gmt":"2025-04-29T10:47:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24311"},"modified":"2025-04-29T10:47:43","modified_gmt":"2025-04-29T10:47:43","slug":"south-koreas-ruling-party-pledges-spot-crypto-etf-approval-by-year-end","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24311","title":{"rendered":"South Korea\u2019s Ruling Party Pledges Spot Crypto ETF Approval By Year-End"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">South Korea\u2019s ruling People Power Party (PPP) has unveiled a sweeping set of crypto reforms, including <\/span><span data-preserver-spaces=\"true\">the approval of<\/span><span data-preserver-spaces=\"true\"> spot cryptocurrency exchange-traded funds (ETFs) and <\/span><span data-preserver-spaces=\"true\">a revamp of<\/span><span data-preserver-spaces=\"true\"> the nation\u2019s digital asset framework.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/n.news.naver.com\/mnews\/article\/016\/0002463503?sid=100\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">announcement<\/span><\/a> was<span data-preserver-spaces=\"true\"> made during an emergency response committee meeting on Monday, 28 April 2025. This comes amid heightened political tensions following the recent impeachment and removal of President Yoon Suk Yeol over his illegal imposition of martial law. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The fallout has set the stage for a snap presidential election on June 3, with crypto policy emerging as a key campaign issue.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-ai-crypto-coins\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Best AI Crypto Coins to Invest in 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Ruling Party Pledges To Legalize Spot Crypto ETFs<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">A centerpiece of the PPP\u2019s pledge is the legalization of spot crypto ETFs\u2014a move aimed at aligning South Korea with global financial markets. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Citing the U.S. Securities and Exchange Commission\u2019s decision in January to approve spot Bitcoin ETFs, lawmaker Park Soo-min emphasized the urgency of keeping pace with international regulatory developments.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Alongside the ETF push, the party also committed to dismantling the \u201cone exchange, one bank\u201d regulation, which currently limits cryptocurrency exchanges to a single banking partner. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Critics argue that this policy has stifled competition and consumer choice in the country\u2019s fast-growing digital asset market. \u201cIt is very restrictive not to be able to trade virtual assets through the bank of your choice,\u201d Park said during the session at the National Assembly.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Further proposals include expanding access to crypto markets <\/span><span data-preserver-spaces=\"true\">for institutional players<\/span><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\"> Should the PPP retain power, its plan would allow nonprofit organizations to trade digital assets starting in the second quarter.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f1f0-1f1f7.png\" alt=\"\ud83c\uddf0\ud83c\uddf7\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> South Korea\u2019s People Power Party vows to abolish the &#8216;one exchange, one bank&#8217; policy and approve Bitcoin spot ETFs in 2025 if it wins the June 3 election, local news reported. <a href=\"https:\/\/t.co\/7zYwgFP4eR\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/7zYwgFP4eR<\/a><\/p>\n<p>\u2014 Coin Bureau (@coinbureau) <a href=\"https:\/\/twitter.com\/coinbureau\/status\/1917111050077381054?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">April 29, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">In a bid to<\/span><span data-preserver-spaces=\"true\"> bring clarity and confidence to the market, the PPP has also proposed the establishment of a Virtual Asset Special Committee under the presidential office. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This body would oversee <\/span><span data-preserver-spaces=\"true\">implementation<\/span><span data-preserver-spaces=\"true\"> of<\/span><span data-preserver-spaces=\"true\"> a new regulatory regime, including the Framework Act on the Promotion of Digital Assets. The proposed law would introduce <\/span><span data-preserver-spaces=\"true\">clearer<\/span><span data-preserver-spaces=\"true\"> rules for exchange operations, asset listings, and transaction disclosures.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Best New Cryptocurrencies to Invest in 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">PPP To Implement Regulatory System For Stablecoins<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Representative Choi Bo-yoon noted that the PPP aims to implement a regulatory system for stablecoins based on global standards, enhancing transparency and investor protection.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The party\u2019s platform echoes recent deregulatory trends in the United States, where former President Donald Trump advocated for the rollback of DeFi broker rules and <\/span><span data-preserver-spaces=\"true\">integration of crypto<\/span><span data-preserver-spaces=\"true\"> into national financial strategies. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">PPP presidential candidate Hong Joon-pyo has embraced a similar stance, pledging to reduce regulatory barriers and expand blockchain use in public services.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Best Meme Coin ICOs to Invest in April 2025<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"editor-rtfLink\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\">South Korea\u2019s ruling party pledges to legalize spot crypto ETFs and dismantle restrictive banking rules for exchanges.<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\">The proposed reforms include creating a Virtual Asset Special Committee to oversee a new digital asset regulatory framework.<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\">Plans also call for a global-standard regulatory system for stablecoins and broader institutional access to crypto markets.<\/span>    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/south-koreas-ruling-party-pledges-spot-crypto-etf-approval-by-year-end\/\">South Korea\u2019s Ruling Party Pledges Spot Crypto ETF Approval By Year-End<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>South Korea\u2019s ruling People Power Party (PPP) has unveiled a sweeping set of crypto reforms, including the approval of spot cryptocurrency exchange-traded funds (ETFs) and a revamp of the nation\u2019s digital asset framework. The announcement was made during an emergency response committee meeting on Monday, 28 April 2025. This comes amid heightened political tensions following [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-24311","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24311"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24311\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}