South Korea’s PPP Pushes for Crypto ETF Approvals, Vows to Repeal Key Banking Rule

The People Power Party (PPP) of South Korea is advancing sweeping reforms to position the country as a leader in the digital asset market. Central to the proposal is the approval of spot crypto exchange-traded funds (ETFs) and the dismantling of restrictive banking rules, including the ’one exchange, one bank’ policy. These changes aim to unlock corporate crypto trading and establish a regulatory framework for stablecoins.

The fate of these reforms hinges on the June 3 presidential election outcome. A PPP victory could catalyze institutional adoption by granting crypto exchanges full banking access and aligning South Korea with global markets embracing crypto ETFs. The move signals growing political recognition of digital assets as a strategic economic sector.