South Korea's People Power Party (PPP) has called on financial regulators to approve Bitcoin spot ETFs, warning of potential legal amendments if progress stalls. The PPP argues that domestic Bitcoin ETFs would enhance transparency, create jobs, and bolster Korean won-denominated assets. Both the PPP and the opposition Democratic Party support lifting the ban on spot crypto ETFs, reflecting bipartisan consensus. Committee Chair Kim Sang-hoon emphasized the positive market sentiment and institutional interest, advocating for Korean investor inclusion. The PPP also sees foreign participation as a means to internationalize Korean financial assets.
South Korea's Ruling Party Pushes for Bitcoin Spot ETF Approval
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