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.

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