South Korea’s opposition Democratic Party plans to make spot crypto ETFs locally accessible, while regulators currently ban such products.
South Korea’s left-wing Democratic Party plans to request financial regulators to review the currently banned spot bitcoin exchange-traded funds, according to a South Korean news report. This signifies the party’s next step in its initiative to make spot bitcoin funds locally accessible.
Once South Korea’s 22nd National Assembly commences in June, the Democratic Party plans to request the Financial Services Commission, the country’s top financial watchdog, to reexamine spot bitcoin ETFs with the aim of opening up such products locally, according to a BloomingBit report citing a member of the party.
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