Korean media: Due to regulatory delays, South Korea's plan to allow spot cryptocurrency ETF trading within the year has basically fallen through

According to South Korean media naver, due to the delay in the revision of the South Korean "Capital Markets Act," the plan to allow spot cryptocurrency ETF trading in the country within the year has basically fallen through.

Currently, there are 4 pending amendments related to the approval of spot cryptocurrency ETFs, but some analysts point out that due to the restructuring of the Financial Services Commission and the Financial Supervisory Service, as well as the government's stock market activation measures consuming a large amount of policy resources, the process of institutionalizing crypto assets may have been placed in a secondary position.