South Korean media reports that due to regulatory delays, South Korea's plan to allow spot cryptocurrency ETF trading this year has essentially fallen through.

According to a report by Naver, a South Korean media outlet, the plan to allow spot cryptocurrency ETF trading this year has essentially fallen through due to delays in revising South Korea's Capital Markets Act. Currently, four amendments related to the approval of spot cryptocurrency ETFs are pending. However, some analysts point out that the institutionalization of crypto assets may have been relegated to a secondary position due to the significant policy resources consumed by the restructuring of the Financial Services Commission and the Financial Supervisory Service, as well as government measures to revitalize the stock market.