South Korea’s leading conservative party, the People Power Party (PPP), has made bold promises regarding the crypto sector ahead of the upcoming elections.
The party plans to open the door for spot Bitcoin ETFs within this year, expand banking services for crypto exchanges, and abolish the "one exchange, one bank" rule. PPP lawmaker Park Soo-min emphasized that, given the strong interest in spot Bitcoin ETFs in the U.S., South Korea can no longer afford to delay action.
The party's agenda also includes legalizing Security Token Offerings (STO) and implementing stablecoin regulations aligned with international standards.
To achieve these goals, the PPP plans to establish a special crypto committee chaired by their presidential candidate. This committee will focus on fostering innovation, boosting investor confidence, and supporting the development of digital assets. Meanwhile, South Korea has already begun easing restrictions on institutional crypto investments and is working on new regulations for stablecoins and token listings.
All these initiatives strengthen the country’s goal of building a crypto-friendly ecosystem
