As early as 2023, the National Assembly of South Korea passed the "Virtual Asset User Protection Act", granting the Financial Services Commission the authority to oversee and regulate the cryptocurrency industry. This legislation imposes strict compliance requirements on trading platforms, covering asset custody mechanisms, insider trading prevention, and more, aiming to protect investors' rights and regulate market order.

By 2025, South Korea's cryptocurrency policy saw new developments. In the presidential election, Lee Jae-myung proposed a series of policy initiatives related to cryptocurrency. He promised to promote the legalization of virtual asset spot ETFs, guide the national pension fund of South Korea to allocate cryptocurrency assets, and establish a stablecoin system pegged to the Korean won. These policies aim to enhance the status of cryptocurrency assets within the South Korean financial system, transforming cryptocurrency from merely a speculative tool into a viable asset allocation option for the public.