South Korea's financial regulatory authority has presented a comprehensive roadmap that aims to facilitate the approval of spot cryptocurrency exchange-traded funds (ETFs) and establish a market for stablecoins denominated in the Korean won. This initiative represents a significant transformation in the country's approach to digital asset regulation, with plans set to be implemented by the end of 2025.
The Financial Services Commission (FSC) of South Korea is at the forefront of this initiative, signaling a proactive stance towards embracing emerging financial technologies and enhancing the nation's digital asset ecosystem.
