South Korea's ruling People Power Party (PPP) is pushing for the approval of crypto ETFs by the end of 2025. This initiative aims to align South Korea with global leaders like the U.S. and Hong Kong in the crypto space, according to the PPP this week.
The PPP's roadmap, revealed this week, includes legalizing crypto spot ETF trading, citing the U.S. SEC's approval of spot Bitcoin ETFs and the $4.6 billion first-day trading volume on the NYSE. The party also plans to finalize legislation for Security Token Offerings (STOs) to allow tokenization of assets like real estate and fine art.
Additionally, the PPP intends to remove restrictive rules like "One Exchange, One Bank" and permit institutional trading by corporations and nonprofits. These changes signal a major overhaul of South Korea's crypto policy, potentially positioning Seoul as a key player in digital asset innovation.