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.