South Korean Regulators Prepare Spot #Crypto #ETFs Launch This Year


South Korea's financial regulator has submitted plans to launch crypto ETFs and won-based stablecoins by the second half of 2025.


The roadmap filed with the Presidential Committee outlines implementation measures for #spot crypto ETFs while establishing investor protection frameworks.


The plan includes custody, operation, and evaluation standards while considering risks related to the linkage between financial and virtual asset markets.


South Korean authorities previously banned crypto ETFs, citing financial stability risks and viewing cryptocurrency as an unsuitable base asset.


The commission is lifting restrictions on Korean won-based #stablecoins to address concerns about domestic capital outflow.


Officials are processing phased approvals for institutional crypto trading, signaling broader market liberalization reforms.


The regulatory shifts fulfill President Lee Jae-myung's campaign pledge to approve spot crypto ETFs following successful launches in other major markets.


Earlier this month, the government proposed the #DigitalAsset Basic Act, which would allow local companies to issue their own #stablecoins with specific equity capital requirements.

image
June 20, 2025 at 3:01 PM
8