South Korean regulators will release a roadmap for Spot Crypto Assets ETF and stablecoin regulations later this year.

Gate News bot news, the Financial Services Commission (FSC) of South Korea has submitted a proposal to launch a Spot Crypto Assets ETF in the second half of 2025 and to regulate stablecoins. This move marks a reversal of the previous restrictive policies following the new government's assumption of office.

According to reports from the Korean News Agency, the roadmap submitted to the President's Policy Planning Committee outlines a series of implementation measures aimed at introducing Spot Crypto Assets ETFs. In addition, an investor protection framework covering custody, operation, and evaluation standards will be established. The plan also aims to regulate the Korean won-backed stablecoins in the second half of 2025.

The South Korean Financial Supervisory Service stated that these measures are crucial for creating a safe and transparent environment, which helps encourage individuals and institutions to participate in the local Crypto Assets market. This move also aligns with President Lee Jae-myung's previous campaign promise to lift the ban on domestic Crypto Assets ETFs. According to a report submitted to the State Planning Committee: "The plan considers the risks brought by the interconnection of financial and virtual asset markets, the impact on the real economy, and the interests of investors."

Previously, the Financial Services Commission (FSC) of South Korea prohibited the issuance and trading of cryptocurrency exchange-traded funds (ETFs) on the grounds that they posed risks to South Korea's financial stability and the nature of crypto assets. At that time, the FSC believed that cryptocurrencies were unstable and unsuitable as traditional investment tools. However, with the new government taking office, the FSC's position has changed. The FSC is currently developing measures to support regulated spot cryptocurrency ETFs. At present, the FSC is working to establish a legal and regulatory framework to help create a stable market for such products.

In addition, the policy draft of the South Korean Financial Supervisory Service also includes provisions to allow the introduction of a stablecoin supported by the Korean won. The national currency will fully support the proposed digital assets and be subject to regulation. President Lee stated that it is necessary to launch a local stablecoin to prevent capital outflow from South Korea. He mentioned in a policy discussion last May: "We must establish a won-based stablecoin market to keep investments domestic."

According to the plan of the Financial Supervisory Commission, the regulatory framework for stablecoins will also be completed later this year. Regulators will work with other financial and technical institutions to draft more detailed rules regarding the issuance, management, and compliance of these assets.

The South Korean Financial Supervisory Service is planning a pathway that aims to incorporate Spot Crypto Assets ETF and stablecoin regulation into the South Korean financial system by the end of 2025. The newly proposed roadmap highlights the new government's commitment to modernizing South Korea's Crypto Assets market by enhancing transparency, strengthening investor protection, and enforcing strict regulations. This move is a significant step towards aligning South Korea's Crypto Assets regulation with global standards and supporting a more resilient and inclusive market environment.