🇰🇷 South Korea advances in the approval of cryptocurrency ETFs and the legalization of stablecoins..
Reports indicate that South Korean financial authorities have presented a roadmap for the approval of spot cryptocurrency ETFs to the Presidential Committee on Policy Planning. This move is part of the initiatives of the new President Lee Jae-myung, who has campaigned to lift the ban on this type of ETFs.
The plan also includes the legalization of stablecoins in the second half of 2025. This signifies a significant shift in South Korea's digital asset policies, as the country had previously maintained a more restrictive stance on crypto ETFs due to concerns over financial stability.
While the details of these plans are still subject to discussion and finalization by lawmakers, they reflect a clear intention from the South Korean government to embrace digital assets and establish a solid regulatory framework for the growing cryptocurrency market. This is particularly notable given the large retail crypto user base in South Korea.
