PANews reported on December 8th that, according to South Korean media Naver, the plan to allow spot cryptocurrency ETF trading in South Korea this year has essentially fallen through due to delays in revising the Capital Markets Act. Currently, four amendments related to the approval of spot cryptocurrency ETFs are still pending. However, some analysts point out that the institutionalization of crypto assets may have been relegated to a secondary position because the restructuring of the Financial Services Commission and the Financial Supervisory Service, as well as government stock market revitalization measures, have consumed significant policy resources.