Korea is promoting spot ETFs for virtual assets like Bitcoin, Ethereum, Solana, and Ripple. PVR Group proposed to Busan Technopark to establish projects for the blockchain free zone, including virtual asset ETFs and K-content token trading. Busan City will review proposals this month. PVR Group aims to list a virtual asset ETF using Busan's blockchain zone, needing only Financial Services Commission approval. If not approved, they will use the regulatory sandbox. Despite Korean law not recognizing Bitcoin spot ETFs, global trends favor them. PVR Group seeks special permissions to include major cryptocurrencies as ETF assets, aiming for tradability by early next year.

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