Hold onto your hats, folks! South Korea’s Financial Services Commission (FSC) has filed a roadmap to approve spot crypto ETFs, aligning with President Lee Jae Myung’s campaign pledge to lift the country’s longstanding ban on these digital wonders. 🤑
The FSC’s plan outlines steps to implement approval measures for these products in the second half of 2025, marking a major policy shift from its previous stance that categorized cryptocurrencies as unsuitable base assets due to financial stability concerns. 😱
In addition to crypto ETFs, the roadmap reportedly includes regulatory preparations to lift restrictions on Korean won-based stablecoins by late 2025. The move supports President Lee’s broader strategy to prevent capital flight and strengthen South Korea’s digital financial infrastructure. 💸
The combined efforts indicate a significant pivot in South Korea’s regulatory environment as it positions itself to accommodate institutional demand and domestic innovation in the crypto market. 🚀
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2025-06-20 10:03