South Korea’s FSC Unveils Roadmap for Spot Crypto ETFs and Won‑Based Stablecoins
FSC eyes approval of spot crypto ETFs and easing of won-based stablecoin rules in H2 2025.
- FSC submitted roadmap for spot crypto ETFs to policy committee.
- Regulatory easing for won‑pegged stablecoins planned in late 2025.
- Reflects government’s strategic push for crypto innovation.
South Korea Eyes Spot Crypto ETFs by Late 2025
The Financial Services Commission (FSC) of South Korea has taken a major step toward integrating digital assets into its financial system. It recently submitted a roadmap to the Presidential Committee on Policy Planning that includes the groundwork for legalizing and implementing local spot cryptocurrency ETFs. The proposal outlines that implementation measures will begin in the second half of 2025.
This move is in line with earlier campaign promises by President Lee Jae-myung to support digital innovation. The roadmap outlines technical, regulatory, and market-readiness assessments that will guide how these ETFs are launched in the country.
The plan is aimed at giving local investors direct access to spot crypto ETFs—investment products that track the actual price of digital assets like Bitcoin or Ethereum, unlike futures-based products.
Korean Won-Based Stablecoins to See Regulatory Relief
Alongside ETFs, the FSC’s roadmap includes easing regulations on Korean won-denominated stablecoins during the same period. This marks a shift from South Korea’s traditionally conservative stance on digital currencies. The new direction reflects a desire to reduce dependence on U.S. dollar-pegged stablecoins and to encourage domestic innovation in the stablecoin space.
Central to this shift is developing a clear framework for how issuers of won-based stablecoins will be monitored, including guidelines around reserves, transparency, and compliance. This is seen as a way to bring more trust and usability to stablecoins tied to the Korean economy.
A Broader Shift in Crypto Policy
This roadmap is part of a larger effort by South Korea to modernize its approach to digital assets. Other upcoming initiatives include:
- Reviewing trading fee structures on local crypto exchanges.
- Allowing corporations and institutional investors access to digital asset accounts.
- Creating a legal structure for tokenized securities and strengthening oversight of crypto service providers.
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