South Korea's Spot Cryptocurrency ETF Plans Face Delays Due to Legislative Hurdles

According to ChainCatcher, South Korea's plans to permit spot cryptocurrency ETF trading within the year have been largely thwarted due to delays in amending the Capital Markets Act. Currently, four amendments related to the approval of spot cryptocurrency ETFs remain pending. Analysts suggest that the institutional restructuring of the Financial Services Commission and the Financial Supervisory Service, along with government measures to stimulate the stock market, have consumed significant policy resources, potentially relegating the institutionalization of crypto assets to a secondary priority.