Crypto Currency Tracker logo Crypto Currency Tracker logo
Coin Edition 2025-04-29 13:15:00

South Korea’s Ruling Party to Dismantle Key Restrictions and Expand Access to Crypto Trading

The one-exchange-one-bank rule will be scrapped to boost competition among crypto platforms. Corporate and institutional investors will gain full access to the crypto market by year-end. Spot crypto ETFs are expected to be approved within 2025, following U.S. and U.K. trends. The People Power Party of South Korea has announced a new plan 28 to reshape the nation’s cryptocurrency ecosystem. The proposal includes seven measures to encourage digital asset adoption and innovation. At an emergency committee meeting held at the National Assembly in Seoul, lawmakers Park Soo-min and Choi Bo-yoon presented the framework, part of the “Global Digital Asset Market G2” initiative. The proposed framework is the party’s commitment to positioning South Korea as a world leader in the digital finance space through targeted regulatory and financial reforms. Notable proposals include easing banking restrictions, legalizing institutional participation in crypto markets, and authorizing spot cryptocurrency exchange-traded funds (ETFs). Related: South Korea Tightens Crypto Reins, Blocks Unregistered Apps on Apple Platform One-Exchange-One-Bank Rule to Be Scrapped… The post South Korea’s Ruling Party to Dismantle Key Restrictions and Expand Access to Crypto Trading appeared first on Coin Edition .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.