The Mayor of Seoul, South Korea, expressed support for cryptocurrency ETFs and STOs, calling for the establishment of a regulatory framework

ChainCatcher news, according to a report by Yonhap Infomax, Seoul Mayor Oh Se-hoon expressed support for cryptocurrency ETFs and Security Token Offerings (STOs). In a post on Facebook, Oh stated that South Korea should establish a regulatory framework that integrates virtual assets with the real economy, similar to the models in the United States and Europe.

He emphasized the importance of establishing foundational legislation for virtual assets, which would enable cryptocurrency ETFs, corporate cryptocurrency trading, and STOs, and pointed out that these practices have been widely accepted in leading countries.