#SouthKoreaCryptoPolicy South Korea's crypto policy is undergoing significant changes under the new president, Lee Jae-myung. He's expected to bolster the crypto industry, having campaigned on promises to introduce spot crypto ETFs, a won-backed stablecoin market, and reduced regulation in blockchain innovation zones.

*Key Policy Changes:*

- *Digital Asset Basic Act (DABA)*: The new administration is likely to enact DABA, which will provide a regulatory framework for digital assets, including stablecoins and crypto service providers.

- *Spot Crypto ETFs*: Lee has pledged to approve spot crypto ETFs, which are currently banned under existing financial rules.