
PANews reported on April 29 that according to The Block, the ruling People Power Party (PPP) in South Korea announced that it will allow spot crypto ETF trading this year and expand bank access rights for crypto exchanges to win support from the crypto industry before the presidential election on June 3. The PPP also plans to abolish the "one exchange, one bank" rule and propose a draft Basic Law for Digital Asset Promotion, covering stablecoin regulation and the legalization of security tokens.



