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South Korean Democratic Party lawmaker proposes including digital assets in ETF underlying asset law
Summary: South Korean Democratic Party lawmaker Min Byeong-deok today initiated an amendment to the Capital Market and Financial Investment Business Act to include digital assets (virtual assets) in the scope of underlying assets and trust property of financial investment products. The amendment will allow digital assets such as Bitcoin to be used as underlying assets for ...
South Korean Democratic Party lawmaker Min Byeong-deok today initiated an amendment to the Capital Market and Financial Investment Business Act to include digital assets (virtual assets) in the scope of underlying assets and trust property of financial investment products. The amendment will allow digital assets such as Bitcoin to be used as underlying assets for financial products like Exchange-Traded Funds (ETFs), providing a legal basis for trust companies to custody and manage digital assets. This move is one of the core campaign 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, helping to enhance investor protection and market transparency.
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Link: South Korean Democratic Party lawmaker proposes including digital assets in ETF underlying asset law [Copy]
