According to @Excellion, he met with South Korean National Assembly member Min Byung-duk, who proposed the Digital Assets Basic Act in June and introduced an amendment to the country’s BTC spot ETF bill, source: @Excellion. The discussion centered on Bitcoin strategies for Korea and the urgency of national adoption, source: @Excellion. Reporters from Maekyung and News1 were present, and traders can monitor these outlets for follow-up coverage, source: @Excellion. For trading relevance, monitor South Korea’s National Assembly updates and local media for developments on the Digital Assets Basic Act and the BTC spot ETF amendment during Asia market hours, source: @Excellion.

According to Ki Young Ju, all three major South Korean presidential candidates have publicly expressed support for the approval of Bitcoin ETFs and allowing institutional investment in cryptocurrencies. As of now, Bitcoin ETFs and institutional participation are banned in South Korea, resulting in 100% of crypto trading volume coming from retail investors (source: Ki Young Ju on Twitter, May 14, 2025). This unified political stance signals a potential regulatory shift that could open the market to institutional capital, significantly increasing liquidity and maturity in the Korean crypto sector. Traders should monitor upcoming policy changes, as institutional inflows historically boost market stability and price discovery, potentially impacting global Bitcoin prices and volume.