#SouthKoreaCryptoPolicy : Crypto Reform Towards a New Era

Since the election of President Lee Jae-myung on June 4, 2025, South Korea has rapidly moved to promote more progressive crypto regulations. Its main commitments include the legalization of spot crypto ETFs, the opening of institutional investments—including the use of national pension funds—and the development of won-based stablecoins to curb capital outflows.

Parliament, through the Digital Asset Basic Act, is also in the process of establishing a self-governing supervisory authority, building a stablecoin approval system, and simplifying the "one exchange, one bank" rule to support blockchain startup innovation. In addition, the Financial Services Commission (FSC) is enhancing KYC/AML requirements and granting leeway to non-profits and exchanges to sell crypto assets within certain limits.