
The South Korea Financial Services Committee (FSC) presented a road map to the Presidential Policy Planning Committee, and clarified a possible framework for approval Yonhap News Agency.
Main meals:
- The South Korea Financial Organization has provided a road map to agree to the Investment Funds circulating in Spot.
- The plan reflects the president’s pushing for me to update the regulation of digital assets.
- FSC’s turning a break from its previous position represented by Crypto ETFS is financial risks.
This step indicates a possible transformation in the regulatory position during President Lee Jay Meong, who carried out a campaign about the restrictions of digital assets.
The road map prophesies implementation measures for immediate encryption qualifiers in the second half of 2025 and represents a great departure from the long FSC position, which such products constitute the risk of financial stability.
South Korea FSC has already been traded
To date, FSC has prevented the CRYPTO investment funds from release or circulation in South Korea, noting concerns about fluctuations and the suitability of cryptocurrencies as basic assets.
The change is in line with the president’s pledge to update the financial scene in South Korea and provides more opportunities for younger investors to build wealth through organized exposure to digital assets.
According to what was reported, the road map includes plans to present the regulatory frameworks of the Korean stablecoins in late 2025.
President Lee previously stressed the importance of developing the local Stablecoin market to reduce the capital journey and retain liquidity within the South Korean economy.
After media coverage, FSC issued a statement that shows that the reported proposals have not been completed.
The committee confirmed that the road map remains under review, and the details may change as the consultations continue.
Even before the last deposit, FSC gradually opened the door to institutional encryption participation.
Earlier this year, it began to address the approvals of the Council for training in institutional investors for limited access to the digital asset market.
Behind Crypto, FSC also studies wider reforms, including a proposal to double trading hours in Exchange, which extends from 6.5 to 12 hours a day.
South Korea is home to one of the most active retail markets in the world. By the end of 2024, local investors retained about 104 trillion Won (about $ 75.7 billion) in digital assets, according to FSC data.
The ruling party in South Korea proposes the Stablecoin Bill
The South Korean Democratic Party has submitted a draft law to legitimize the issuance of Stablecoin by local companies, which represents the first major encryption policy under the newly -elect Lee Jay Meong.
The proposal sparked a sharp gathering in coding stocks, as Kakawi jumped by 18 %, as investors welcomed the government’s clear commitment to creating digital assets.
The draft law, which is part of the broader digital assets law, will allow Stablecoins to be allowed with support from reserves and issued by companies with a capital of at least 500 million WH.
It also calls for the establishment of a presidential digital assets committee and provides for organizational supervision by the Financial Services Committee through the approval and reporting process.
Despite the increasing political momentum, the initiative faces resistance from Korea Bank.
Governor Rhee Chang-Yong warned that Stablecoins issued by non-bank entities can interfere with monetary policy and argue that the central bank must control any development of the digital currency based on a victory.
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2025-06-20 07:21:00