The Block reported that the Financial Services Commission (FSC) of South Korea recently stated that it will re-evaluate the ban on spot cryptocurrency ETFs and institutional accounts trading on cryptocurrency exchanges. This news marks a significant shift in regulatory attitudes towards digital assets. It is reported that the newly established cryptocurrency committee of the FSC will review the current ban. Previously, South Korean lawmakers have been calling for a change in the status quo, and both the ruling Democratic Party and the opposition party promised to approve local spot Bitcoin ETFs in this year's early elections. Since 2018, institutional investors in South Korea have been effectively banned from opening trading accounts on cryptocurrency exchanges. This policy adjustment may open up new channels for institutional investors to participate in the cryptocurrency market. At the same time, FSC Chairman Kim Byung-hwan stated that he will investigate the monopoly structure of South Korean digital asset exchanges. Data shows that among the five exchanges in South Korea that have obtained full licenses, Upbit processed more than 1.17 billion US dollars in trading volume in the past 24 hours, accounting for more than 61% of the market share. In March of this year, its monthly average market share soared to 80%. Legislator Lee Kang-ik also expressed concern about the financial relationship between Upbit and its partner bank K-bank. He pointed out that Upbit's deposits account for 20% of K-bank's total deposits, warning that if the cooperation between the two is interrupted, it may cause a run risk.