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South Korea is pushing forward to revive its cryptocurrency market, presenting an exchange-traded funds (ETF) roadmap and stablecoin plans. In the major development, the country intends to move away from its past crypto policies and enter into a new era. According to reports, South Korea intends to bring spot crypto ETFs and stablecoin into the heart of its financial system, releasing a proposal to that effect this week. The proposal, submitted by the country’s top regulator, the Financial Services Commission (FSC), will see the government lay out detailed plans to regulate crypto investment products in the market before the end of this year. It also outlines the plan to introduce spot crypto exchange-traded funds to investors in the Asian country. South Korea pushes for crypto market revival The FSC presented the roadmap to the Presidential Committee on Policy Planning, which includes a framework for a legal and regulated framework for crypto ETFs. The move also represents a shift in the country, moving from a cautious stance to potentially adopting digital assets. Under the roadmap, the FSC is expected to prepare the legal and technical groundwork needed to make these proposals a reality. In addition, South Korea’s FSC is also expected to oversee the development of infrastructure that will cut across custody, operation, pricing, and fund management. The agency will also be charged with setting clear standards to protect investors. The decision to support crypto ETFs comes months after President Lee Jae-myung was elected. During his campaign, Lee promised to legalize crypto ETFs, promising investors that he would improve safeguards to protect them in the market. His pro-crypto stance marked a shift from the policies of the previous administration, which had banned crypto ETFs over concerns about the risks in the sector of the market. The move is also in line…

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Filed under: News - @ August 9, 2025 9:24 am