South Korea’s Crypto Revolution: Bitcoin ETFs and Stablecoins by 2025

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🇰🇷 Get ready for some serious crypto action in South Korea! The country’s Financial Services Commission (FSC) has submitted a roadmap to approve local spot Bitcoin exchange-traded funds (ETFs) by the end of 2025. 💰

According to Yonhap, this bold move aligns with President Lee Jae Myung’s election promise to lift the domestic ban on crypto ETFs. It’s time to integrate the country’s substantial crypto holdings into its financial ecosystem. 💸

The roadmap outlines plans to establish robust regulatory frameworks, including enhanced anti-money laundering (AML) and custody standards, to mitigate systemic risks. This comes as the country addresses gaps in its financial ecosystem while aiming to position itself as a regulated crypto hub ahead of competitors like Singapore and Hong Kong. 🏆

South Korea is home to one of the world’s largest retail cryptocurrency markets, with its citizens holding approximately 104 trillion won ($75.7 billion) in crypto assets by the end of 2024, per FSC data. If successfully launched, spot Bitcoin ETFs could notably upscale these numbers and put them among leading countries in cryptocurrency adoption. 🚀

The initiative also includes a parallel plan to introduce won-based stablecoins by late 2025, addressing a 2024 IMF study’s concern over capital outflows—estimated at $40.8 billion in early 2025 alone. President Lee views this as a means to bolster financial sovereignty and empower the youth economically, a cornerstone of his administration’s agenda. 💼

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2025-06-20 09:30