South Korea's approval of spot crypto ETFs unlikely this year

The approval of spot cryptocurrency ETFs in South Korea within the year is now effectively off the table due to delays in amending the Capital Markets Act, Electronic Times Internet reported. While four related amendment bills are currently pending, an analysis suggests that bringing digital assets under a regulatory framework has been deprioritized as policymakers focus on reorganizing South Korea’s Financial Services Commission and Financial Supervisory Service, as well as on government measures to stimulate the stock market.