The South Korean authorities is launching a complete reform of the cryptocurrency sector. In 2025, it plans to introduce spot cryptocurrency ETFs, implement regulatory guidelines for stablecoins, and tighten oversight of the fee insurance policies of native crypto exchanges.
The Monetary Providers Fee (FSC) of South Korea has introduced it’s making ready the legislative basis for launching spot cryptocurrency ETFs within the second half of 2025. In line with Yonhap Information Company, the initiative was submitted to the Presidential Coverage Planning Committee as a proper proposal.
The FSC intends to construct a full-fledged framework for issuing exchange-traded funds based mostly on digital belongings, together with spot BTC devices — overlaying authorized foundations and infrastructure for setup, custody, administration, and valuation. Investor safety might be a key focus. The doc notes that crypto ETFs will present an institutional channel for capital inflows and produce South Korea in keeping with developments in the US, the place such merchandise had been legalized in January 2024.
As a part of the legislative replace, South Korea may also set up a regulatory framework for stablecoins. This framework will embody asset itemizing requirements, disclosure guidelines, oversight of operator actions, and penalties for unfair practices.
In line with Financial institution of Korea Governor Rhee Chang-yong, the federal government doesn’t oppose issuing stablecoins pegged to the Korean gained. On the similar time, he voiced issues about potential capital outflows and elevated reliance on dollar-backed stablecoins. “Issuing won-based stablecoin might make it simpler to alternate them with greenback stablecoin somewhat than working to scale back the usage of greenback stablecoin. It will enhance demand for dollar-denominated belongings and complicate overseas alternate administration,” Rhee said.
In line with native media studies, South Korean authorities intention to encourage decreased charges charged by crypto exchanges. As a part of this initiative, present charges, calculation strategies, and worldwide benchmarks might be reviewed — a course of that might result in the introduction of really useful limits and even direct intervention. The Monetary Providers Fee additionally plans to implement a payment comparability system to encourage exchanges to decrease their costs voluntarily. A big-scale fee audit is underway at Bithumb, Upbit, Coinone, and different platforms. The typical buying and selling payment on South Korean exchanges is round 0.05%, whereas the federal government’s desired stage is 0.015%.
South Korea started making ready its regulatory framework for the cryptocurrency market in 2022. Nonetheless, clear guidelines had but to be finalized. In 2024, native regulators tightened management over crypto exchanges, enhanced oversight of stablecoin operations, and developed particular rules for cross-border cryptocurrency transactions.
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