South Korean Lawmaker Proposes ETF Bill to Include Virtual Assets

Description

Key Takeaways: A bill proposes expanding South Korea’s Capital Markets Act to include digital assets as underlying ETF assets. Trust companies could legally hold and manage digital assets, under clearer rules for delegation and custody. Some industry figures warn that brokering derivatives tied to digital assets requires rigorous risk controls. Min Byung-deok, a member of South Korea Democratic Party, introduced a bill on June 27 to amend the Capital Markets Act, according to News1 . The proposa...