South Korea’s new president, Lee Jae-myung, elected on June 3, 2025, is pushing crypto-friendly policies. He aims to legalize spot cryptocurrency ETFs and allow institutional investments. Lee also supports a won-based stablecoin to prevent capital outflows, as South Korea’s crypto market sees high trading volumes, with 15-18 million investors. The Democratic Party formed a Digital Asset Committee to pass the Digital Asset Basic Act (DABA) this year, focusing on stablecoin regulation and exchange transparency. Stricter KYC rules were implemented to curb money laundering. These reforms signal South Korea’s aim to bolster its crypto industry while aligning with global markets.

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