The South Korean Financial Services Commission (FSC) has submitted a roadmap for the approval of local spot cryptocurrency ETFs to the Presidential Policy Planning Committee, with plans to formulate an implementation plan in the second half of 2025. This initiative is part of the campaign promises made by newly elected President Lee Jae-myung, aimed at lifting the ban on the local issuance and trading of cryptocurrency ETFs. Additionally, the roadmap includes preparations to loosen regulations on South Korean won-based stablecoins in the second half of 2025. Lee Jae-myung previously stated that a market for won-based stablecoins should be established to prevent capital outflows. (The Block)
South Korea submitted a roadmap for the approval of spot cryptocurrency ETFs, planning to implement it in the second half of 2025.
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