#SouthKoreaCryptoPolicy

South Korea's crypto policy is expected to undergo significant changes under President Lee Jae-myung, who has vowed to support the growth of the domestic cryptocurrency industry. Here are some key policies he plans to implement.

- *Spot Crypto ETFs*: Lee Jae-myung has promised to introduce spot crypto exchange-traded funds (ETFs), which are currently prohibited under existing financial rules. This move aims to provide investors with more diverse and compliant investment tools.

- *Won-Backed Stablecoin*: The president plans to launch a Korean won-backed stablecoin market to prevent national wealth from flowing overseas and maintain financial sovereignty. This initiative could inject vitality into South Korea's digital economy and enhance the competitiveness of local digital assets.

- *Institutional Investor Participation*: Lee Jae-myung's administration will relax restrictions on institutional investors, allowing them to invest in certain cryptocurrencies and their derivatives. This move is expected to introduce more long-term capital, enhance market liquidity and stability, and promote the scaled development of the crypto industry.

- *Digital Asset Legislation*: The president aims to complete the second phase of South Korea's digital asset legislation, with specific measures targeting stablecoin regulation and exchange transparency.

- *National Pension Fund Investment*: Lee Jae-myung has proposed allowing the National Pension Service to invest in digital assets, which could significantly boost the liquidity and depth of South Korea's local crypto market.

- *Reducing Restrictions*: The administration plans to reduce restrictions in blockchain innovation zones to accelerate local growth and promote the development of the crypto industry.

These policies signal a shift towards a more crypto-friendly regulatory environment in South Korea, potentially making it a hub for crypto innovation in Asia.