The Power Party Power Power Power (PPP), in power of South Korea, has unveiled a set of cryptographic reforms, especially approval of Funds negotiated in exchange for cryptocurrency (ETF) and a redesign of The country’s digital asset framework.
THE announcement was Done at a meeting of the emergency intervention committee on Monday, April 28, 2025. This comes in the midst of increased political tensions following the recent dismissal and the abolition of President Yoon Suk Yeol for his illegal imposition of martial law.
The repercussions prepared the ground for a presidential election started on June 3, with a crypto policy becoming a key campaign problem.
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The power party undertakes to legalize the FNB Crypto Spot
A centerpiece of the PPP’s commitment is the legalization of FNB Crypto Spot – a movement aimed at aligning South Korea in the global financial markets.
Citing the decision of the American Securities and Exchange commission in January to approve the Bitcoin Spot ETF, the Park Soo-Min legislator stressed the urgency of monitoring the rate of international regulatory developments.
In addition to the ETF push, the party also undertook to dismantle the “One Exchange, One Bank” regulations, which currently limits the exchanges of cryptocurrency in a single banking partner.
Critics argue that this policy has stifled the competition and the choice of consumers in the country’s rapidly growing digital asset market. “It is very restrictive not to be able to exchange virtual assets via the bank of your choice,” said Park during the session in the National Assembly.
Other proposals include the expansion of access to cryptographic markets For institutional players. If the PPP retains power, its plan would allow non -profit organizations to exchange digital assets from the second quarter.
The Power Party of South Korea promises to abolish the policy of “One Exchange, One Bank” and to approve Bitcoin Spot ETF in 2025 if he won the June 3 elections, local News reported. pic.twitter.com/7zywgfp4er
– Office area (@coinbureau) April 29, 2025
The Power Party of South Korea promises to abolish the policy of “One Exchange, One Bank” and to approve Bitcoin Spot ETF in 2025 if he won the June 3 elections, local News reported. In order Bringing clarity and trust in the market, the PPP also proposed the creation of a special virtual asset committee under the presidential office.
This body would supervise implementation of A new regulatory regime, including the ACT framework on the promotion of digital assets. The proposed law would introduce lighter Rules for exchange operations, asset announcements and transaction disclosure.
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PPP to implement the regulatory system for stablescoins
The Choi Booon representative noted that the PPP aims to implement a regulatory system for stabbed stages according to global standards, improvement in transparency and investor protection.
The party platform echoes recent deregulative trends in the United States, where former President Donald Trump pleaded for the withdrawal of the DEFI broker rules and Integration of crypto in national financial strategies.
PPP presidential candidate, Hong Joon-Pyo, has adopted a similar position, committing to reduce regulatory obstacles and extend the use of blockchain in public services.
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Main to remember
- The South Korea’s power party undertakes to legalize the Crypto Spot FNB and to dismantle the restrictive banking rules for exchanges.
- The proposed reforms include the creation of a special virtual asset committee to supervise a new regulatory framework for digital assets.
- Plans also require a standard regulatory system for stablecoins and broader institutional access to cryptographic markets.
The South Korea’s power party promised the approval of the Crypto FNB at the end of the year at the end of the year on 99Bitcoins.
