TechFlow news, June 27 — According to South Korea's News1, Democratic Party of Korea lawmaker Min Byung-deuk introduced today an amendment to the "Capital Markets and Financial Investment Business Act," aiming to include digital assets (virtual assets) within the scope of underlying assets and trust properties for financial investment products. The proposed amendment would allow digital assets such as Bitcoin to serve as underlying assets for financial products like exchange-traded funds (ETFs), while providing a legal basis for trust institutions to custody and manage digital assets. This initiative is one of President Lee Jae-myung's key campaign promises. If passed, the bill will enable South Korean investors to indirectly invest in digital assets through institutionalized financial products, thereby enhancing investor protection and market transparency.
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