South Korea is taking a step towards legalizing crypto ETFs by presenting a new roadmap aimed at approving these financial instruments by late 2025.
Regulator's Roadmap
The Financial Services Commission (FSC) of South Korea has introduced a roadmap that outlines steps for the approval of crypto ETFs. This plan aligns with President Lee Jae Myung’s campaign pledge to lift the long-standing ban on these products.
Policy Shift
The new roadmap also indicates a shift in the management policy regarding cryptocurrencies, previously categorized as unsuitable base assets. The FSC aims to implement approval measures in the second half of 2025.
Future of the Crypto Market in South Korea
In addition to crypto ETFs, there are plans to lift restrictions on Korean won-based stablecoins by late 2025. This move supports President Lee’s broader strategy to prevent capital flight and strengthen South Korea’s digital financial infrastructure.
The introduction of this roadmap signifies a notable shift in South Korea’s cryptocurrency regulation, aimed at accommodating institutional demand and fostering innovation within the domestic crypto market.
