South Korea’s Ruling Party Embraces Crypto for Votes

South Korea's ruling People Power Party plans to embrace cryptocurrency by allowing spot bitcoin ETFs and reviewing legislative measures for other crypto investment products. They aim to gradually remove restrictions on institutional investments and create a Digital Asset Promotion Committee. The party also considers postponing the taxation on crypto gains to gain support from the younger population. These proposed policies aim to attract younger investors and potentially lead to the growth of the cryptocurrency market in South Korea.