South Korea files roadmap to approve spot crypto ETFs and KRW stablecoins

South Korea’s Financial Services Commission (FSC) has submitted a roadmap to legalize local spot crypto ETFs, aligning with President Lee Jae Myung’s campaign pledge. Implementation is expected in H2 2025. The plan also includes preparing regulations to lift the ban on Korean won-based stablecoins. These measures aim to support young investors and prevent capital outflows. South Koreans held over 104 trillion won (~$75.7 billion) in crypto assets as of late 2024.

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