PANews reported on April 28 that according to the Korea Herald Economy, the National Power Party of South Korea announced that it would abolish the "one exchange, one bank" system for virtual assets and other policies as the core promise of the presidential election. The virtual asset policy plan proposed by the party mainly includes: canceling the current restriction that "one exchange is limited to one bank"; promoting the legalization of virtual asset transactions by enterprises and institutional investors; introducing virtual asset spot ETFs; promoting the legislation of security tokens (STO); establishing a stablecoin regulatory framework; formulating the "Basic Law on the Revitalization of Digital Assets"; and building an innovative virtual asset tax system. These policies are aimed at comprehensively reforming the regulatory framework of the Korean virtual asset market and promoting the healthy development of the digital asset industry.