South Korea’s ruling People Power Party is studying ways to allow a spot Bitcoin ETF as one of its campaign promises in the upcoming April general election. 🎉 In addition to spot Bitcoin ETFs, the party also stated that it will review legislative measures to approve other cryptocurrency-related investment products approved in the United States. At the same time, the ruling party also plans to gradually lift the ban on institutional investment in cryptocurrencies and IEOs.

When it comes to institutional crypto investing, the party is exploring the possibility of allowing investment institutions to purchase cryptocurrencies before approving banks or insurance companies. This approach takes into account the need for banks and insurance companies to prioritize protecting user funds. Additionally, the party has decided to commit to the establishment of a “Digital Asset Promotion Committee” that will be given sufficient powers to propose laws related to digital assets and impose sanctions. What impact do you think such a policy will have on the encryption market? Welcome to share your opinions in the comment area! 🗨️