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South Korean media reports that due to regulatory delays, South Korea's plan to allow spot cryptocurrency ETF trading this year has essentially fallen through.

 according to South Korean media Naver, the plan to allow spot cryptocurrency ETF trading in the country within this year has basically fallen through due to the delay in the revision of South Korea's "Capital Market Act".

Currently, there are 4 pending amendments related to the approval of spot cryptocurrency ETFs, but some analysts point out that due to the institutional restructuring of the Financial Services Commission and the Financial Supervisory Service of South Korea, as well as government measures to activate the stock market consuming a large amount of policy resources, the institutionalization process of crypto assets may have been relegated to a secondary position.

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