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South Korea’s Financial Regulator Files Roadmap to Approve Spot Crypto ETFs

  • South Korea's financial regulator has filed a roadmap to approve spot crypto ETFs.
  • The plan aims to lift the country's ban on crypto ETFs, aligning with President Lee Jae Myung's campaign pledge.
  • The Financial Services Commission (FSC) plans to implement approval measures for crypto ETFs in the second half of 2025.
  • This marks a policy shift from classifying cryptocurrencies as unsuitable base assets due to financial stability concerns.
  • The roadmap also includes preparing regulations to lift restrictions on Korean won-based stablecoins by late 2025.
  • These initiatives align with President Lee's strategy to prevent capital flight and enhance South Korea's digital financial infrastructure.
  • The regulatory changes signal a significant shift in South Korea's approach to accommodate institutional demand and spur domestic crypto market innovation.

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