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Regulatory authorities in South Korea are preparing to issue exchange-traded funds for instant cryptocurrencies this year.
The financial regulatory authority in the country has presented plans to launch exchange-traded funds for cryptocurrencies and stablecoins based on the won by the second half of this year.
In short
The Financial Services Commission presented an executive plan for instant cryptocurrency exchange-traded funds to the presidential committee.
Korean won-based stablecoins are also set to receive regulatory approval by the end of the year.
This move reflects a previous ban issued in 2017, which indicated concerns about financial stability.
The Financial Services Commission of South Korea presented plans on Thursday to introduce exchange-traded funds for cryptocurrencies by the second half of 2025, marking a retreat from the country's previous restrictive cryptocurrency policies as a new government takes over.
The roadmap, presented to the Presidential Committee on Political Planning, outlines implementation measures for instant cryptocurrency exchange-traded funds with the establishment of frameworks to protect investors, including custody, operation, and evaluation standards, according to an initial report from Yonhap, the largest news agency in the country.
The Financial Services Commission stated in its report submitted to the State Affairs Planning Committee that the plan will take into account "the risks related to linking financial markets and virtual assets, the impact on the real economy, and benefits for investors."
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The newly elected President of South Korea continued on Tuesday to implement a supportive agenda for digital currencies, announcing new legislation for stablecoins, according to reports. As Bloomberg reported first, Lee Jae-myung proposed the fundamental law for digital assets, which would allow companies, if passed, to issue stablecoins if they have 500 million won (approximately $366,749) in equity capital. Stablecoins are digital tokens linked to the value of a stable asset, typically the US dollar. These cryptocurrencies work on...
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Law and order
Two-minute read
Matt DeSalvo
June 11, 2025
The Financial Services Commission (FSC) plan also includes lifting restrictions on stablecoins based on the Korean won, addressing concerns about local capital flow. The authority had previously banned exchange-traded funds for cryptocurrencies, citing financial stability risks and considering cryptocurrencies unsuitable core assets.
However, although the plans are ambitious, their details are not final and still need to be discussed by the country's legislators, according to the regulatory authority.
"It is difficult to confirm the specific details of the issues discussed in the National Planning Committee briefing and which have not yet been finalized," this is what was stated in a rough translation of a statement issued by the Financial Services Commission on Friday.
The committee is also working on gradually approving institutional trading of cryptocurrencies, indicating a broader reform that could lead to market liberalization.
