The Democratic Party of Korea (DPK) in South Korea aims to relax regulations on exchange-traded funds (ETFs), including those related to spot Bitcoin (CRYPTO:BTC), despite opposition from the People Power Party (PPP).

While election concerns have momentarily paused the initiative, with a crucial poll scheduled for April 10, the DPK holds majority control in the parliament's progressive bloc.

The DPK's commitment to lifting restrictions on ETF investments aligns with its strategy to leverage the popularity of crypto assets to attract additional votes.

The party emphasises the importance of sound markets and safe investments, proposing reforms under the 2nd Financial Innovation Plan, including blockchain-based issuance of public bonds and a digital tax to strengthen taxation in the digital economy.