South Korea's plans for exchange-traded funds in instant cryptocurrencies face delays due to legislative hurdles

AI Summary

According to ChainCatcher, South Korea's plans to allow trading of exchange-traded funds in instant cryptocurrencies this year have been largely thwarted by delays in amending the Financial Markets Act. Currently, four amendments related to the approval of instant cryptocurrency exchange-traded funds remain pending. Analysts suggest that the restructuring of institutions within the Financial Services Commission and the financial regulatory authority, along with government measures to stimulate the stock market, may have consumed significant political resources, potentially making the institutionalization of crypto assets a secondary priority.