South Koreabefore the upcoming presidential elections, the crypto currency sector draws attention with comprehensive arrangements. The ruling party in the country promises significant changes in both stock market transactions and banking access.
Bank restrictions are removed
PPP, seven items at the meeting held in Parliament crypto currency presented his vision to the public. One of the most striking commitments was to abolish the rule of “a stock market, a bank” rule for a long time. The rule in question Crypto currency exchangesIt allowed only one bank to work with a single bank and required the transactions to be carried out with the real name. Authorities brought this application to prevent money laundering, but sector representatives have been demanding flexibility for a long time.
PPP aims to recognize wider banking access to the stock market by eliminating this obstacle. This step is very important as it can increase competition and create effects such as lower processing fees and a wider user base. This proposal of the party was welcomed by investors and sector representatives.
The PPP’s election strategies shows that the crypto currency sector has an important place. The party, which gives a technological and economic transformation message a little time before the elections in June, is especially directed to the areas that directly appeal to the young voters.
Spot Crypto Money ETF transactions on the road
Another critical development on the agenda of the PPP Spot Crypto Money Stock Exchange Investment FundsN (ETF) is allowed to be traded in the country this year. Party official Park Soo-min, in the USA Spot Bitcoin ETFHe stressed that South Korea should not be delayed further by showing an example of the intense interest shown to their s.
SPOT IN THE COUNTRY RIGHT Crypto Money ETFThere is a prohibition for their. However, both the PPP and the main opposition Democratic Party had called for the abolition of this ban. It is known that financial regulatory institutions are preparing to remove obstacles for ETFs.
Spot Crypto Money ETFIn the event that the ‘s legal and institutional investors will be able to access crypto currencies more easily and safely. This can increase liquidity in markets and pave the way for long -term investments.
Other regulations and new law proposal
PPP, not only limited to ETF and bank access, Menkul Value Token ExportsNI (Sto) is a legalization and in accordance with global standards Stablecoin arrangement It also aims to bring. In this context, it was announced that a new law proposal will be prepared called “Incentive Law on Digital Assets”.
The party plans to coordinate sectoral developments through this committee by establishing a private crypto currency committee affiliated to the presidential candidate. The aim of the committee was to support innovative projects and to rebuild investor confidence.
South Korea’s financial audit institutions are also in parallel with these changes. In January, the Financial Services Commission announced the plan to gradually remove the regulation that prohibits corporate investors from investing in crypto currencies. In addition, work on new legal frameworks continues.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
