#SouthKoreaCryptoPolicy 1. Crypto‑Friendly Presidency & Legislative Agenda
On June 4, 2025, Lee Jae‑myung took office as South Korea’s President. He campaigned strongly in favor of crypto, introducing several major initiatives:
Legalizing spot cryptocurrency ETFs
Allowing institutional investors, including the National Pension Fund, to hold crypto
Launching a won‑pegged stablecoin to reduce capital flight
His team plans to pass the Digital Asset Basic Act (DABA) in 2025, which would:
Establish a legal self‑regulatory organization
Institute stablecoin approval mechanisms
Clarify licensing rules for crypto service providers