South Korean lawmakers seek to include cryptocurrency in ETF's underlying assets

PANews reported on June 27 that according to News1, South Korea's ruling co-Democratic MP Min Byeong-dug proposed a bill to amend the Capital Markets Act, which would allow the creation of ETFs based on digital assets such as Bitcoin. The proposed revision is intended to expand the scope of definitions of underlying assets and trust assets in financial products to include cryptocurrencies. If the bill is passed, it will lay the legal foundation for the use of cryptocurrencies in financial instruments such as ETFs and allow trustees to hold and manage these assets.

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