{"id":26943,"date":"2024-02-29T14:22:32","date_gmt":"2024-02-29T14:22:32","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/legislative-hesitation-freezes-crypto-regulation-overhaul-in-south-korea\/"},"modified":"2024-02-29T14:22:32","modified_gmt":"2024-02-29T14:22:32","slug":"legislative-hesitation-freezes-crypto-regulation-overhaul-in-south-korea","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/legislative-hesitation-freezes-crypto-regulation-overhaul-in-south-korea\/","title":{"rendered":"Legislative Hesitation Freezes Crypto Regulation Overhaul in South Korea"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>The People Power Party in South Korea has paused its plans to revise cryptocurrency regulations, putting a hold on proposals such as allowing local spot Bitcoin exchange-traded funds (ETFs). This decision, as reported by Chosun Biz, stems from the difficulties in achieving consensus between the party, government, and financial regulators regarding crypto policy.<\/p>\n<p>Initially, the party showed interest in modifying the current stance on cryptocurrencies, suggesting changes that would delay the <a href=\"https:\/\/igaming.org\/crypto\/south-korea-considers-extending-crypto-tax-delay-to-2027\/\">taxation<\/a> of crypto earnings and enable domestic institutions to launch spot Bitcoin ETFs and make direct investments in digital currencies.<\/p>\n<p>This shift in strategy, removing virtual assets from its immediate policy focus, comes as the party, under Yoon Chang-hyun\u2019s leadership, opts to indefinitely delay the announcement of any crypto-related promises previously expected to be made public last week.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/south-koreas-people-power-party-hits-pause-on-crypto-regulation-overhaul\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) The People Power Party in South Korea has paused its plans to revise cryptocurrency regulations, putting a hold on proposals such as allowing local spot Bitcoin exchange-traded funds (ETFs). This decision, as reported by Chosun Biz, stems from the difficulties in achieving consensus between the party, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":26944,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26943"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=26943"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/26944"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=26943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=26943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=26943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}