South Korea's ruling People Power Party considers introducing Bitcoin ETFs.

South Korea's ruling People Power Party is considering introducing Bitcoin Exchange Traded Funds (ETFs) and delaying crypto tax for another two years, as part of its election campaign promises. The party aims to establish a comprehensive regulatory framework before implementing taxation, pushing back the implementation to 2027. Additionally, the People Power Party plans to facilitate institutional investment in cryptocurrencies and establish the "Digital Asset Promotion Committee" to oversee digital asset laws and regulations.

February 19, 2024
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