$BTC South Korea's main regulator submits roadmap for approval of spot Crypto ETF

Bitcoin Spot ETF

ETF Funds

South Korea

This move signals a possible change in regulatory stance under President Lee Jae Myung, who campaigned for easing restrictions on digital assets.

South Korea's main regulator submits roadmap for approval of spot Crypto ETF

The South Korean Financial Services Commission (FSC) has submitted a roadmap to the Presidential Policy Planning Committee, presenting potential frameworks for the approval of exchange-traded funds (ETFs), according to the Yonhap news agency.

Key takeaways:

The South Korean financial regulator has submitted a roadmap for the approval of spot crypto ETFs.

The plan reflects President Lee's emphasis on modernizing digital asset regulations.

The change by the FSC marks a break from its previous position that cryptocurrency ETFs pose financial risks.