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

Jinse Finance reported, citing Korean media naver, that due to delays in the revision of South Korea's Capital Markets Act, the country's plan to allow spot cryptocurrency ETF trading within the year has basically fallen through. Currently, there are four pending amendments related to the approval of spot cryptocurrency ETFs, but some analysts point out that, as a result of the institutional restructuring of the Financial Services Commission and the Financial Supervisory Service, as well as government measures to stimulate the stock market consuming a large amount of policy resources, the institutionalization process of crypto assets may have been relegated to a secondary position.