In anticipation of the upcoming general election in April, South Korea’s ruling People Power Party is reportedly considering a series of bitcoin-friendly pledges.

According to a local media report on Monday, the party is exploring the possibility of allowing SEC-approved spot bitcoin Exchange-Traded Funds (ETFs). Moreover, it is reviewing legislative measures to approve other digital asset-related investment products that have received approval in the United States.

People Power Party Reconsiders its Stance

While the Financial Services Commission in Korea has reiterated its ban on financial institutions launching bitcoin ETFs, the People Power Party seems keen on reconsidering this…

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