South Korean Democratic Party lawmakers propose to include digital assets in the ETF base asset bill
2025-06-27 02:52:17
South Korean Democratic Party lawmaker Min Byung-duk today launched an amendment to the Capital Markets and Financial Investment Industry Act, aiming to include digital assets (virtual assets) in the scope of underlying assets and trust properties of financial investment products. The amendment will allow digital assets such as bitcoin to be used as the underlying assets of financial products such as exchange-traded funds (ETFs), while providing a legal basis for trust operators to custody and manage digital assets. This move is one of the core election promises of South Korean President Lee Jae-myung. If the bill is passed, South Korean investors will be able to indirectly invest in digital assets through institutionalized financial products, which will help improve investor protection and market transparency.
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