SOUTH KOREA REVIEWS CRYPTOCURRENCY POLICY‼️
South Korea is considering major reforms regarding cryptocurrencies ahead of the 2024 general elections. The ruling People's Power Party is planning legal regulations to allow institutions to invest in cryptocurrencies such as Bitcoin and to lift the ban on cryptocurrency ETFs. This move is seen as a strategy that targets young voters in particular. In addition, the country's financial regulator is planning to hold talks with the US about Spot Bitcoin ETFs. Thus, South Korea aims to adopt a cryptocurrency policy that is in line with international standards.
Conclusion: These changes in South Korea's cryptocurrency policies could deeply affect both electoral strategies and crypto markets.
#Binance #EscoinToken $BTC $ETH References • Bitcoinist. “Spot Bitcoin ETFs Coming To South Korea? -Report”. Accessed: 11 October 2024. • Cryptopolitan. “South Korea's Ruling Party Mulls Bitcoin ETFs as Election Promise”. Accessed: 11 October 2024. • CryptoPotato. “Change of Heart: South Korea to Discuss Spot Bitcoin ETFs With US SEC”. Access: 11 October 2024.