South Korea’s Financial Services Commission (FSC) has submitted a formal roadmap to the Presidential Committee on Policy Planning, laying the groundwork for legalizing spot cryptocurrency exchange-traded funds (ETFs), according to Yonhap News Agency.
The plan, filed on Thursday, aligns with President Lee Jae Myung’s campaign pledge to lift the country’s longstanding ban on crypto ETFs.
The FSC’s roadmap 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.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/south-koreas-financial-regulator-files-roadmap-to-approve-spot-crypto-etfs/