South Korea The government aims to implement a comprehensive regulatory process regarding cryptocurrencies within the scope of the 2026 Economic Growth Strategy this year. The strategy document is both spot and cryptocurrency ETFIt includes paving the way for ‘s and establishing a second stage legal framework focused on stablecoins. The financial authority aims to accelerate the integration of cryptocurrencies with the traditional financial system, taking as a reference the practices in global markets. The announced plan indicates a significant change in direction in South Korea’s long-cautious approach to cryptocurrencies.
Green Light for Spot Cryptocurrency ETFs
According to the growth strategy published by the government, cryptocurrencies spot ETFIt is planned to be allowed to be the subject of ‘s this year. The Financial Services Commission, the responsible body, considered spot Bitcoin ETFs, which are actively traded in markets such as the US and Hong Kong, as the main reference point in the regulatory process. This approach reveals that demand and liquidity dynamics in global financial markets are closely monitored.
Until now, spot ETF transactions were not possible in South Korea because Bitcoin and similar cryptocurrencies were not considered a suitable underlying asset for ETFs. With the new plan, it is aimed to remove this restriction. Thus, individual and institutional investors will have access to cryptocurrencies through regulated capital market instruments.
Authorities ETF He emphasizes that the step will be implemented within a framework that considers financial stability. The regulatory process will proceed on the basis of the principles of market transparency and investor protection. The government bases its decisions in this field not only on market demand but also on standards established in international practices.
Stablecoin Regulations and Digital Currency Conversion
The second main pillar of the strategy document is the second stage cryptocurrency legislation focused on stablecoins. Financial Services Commissionplans to introduce a licensing system for stablecoin issuers. The draft regulation includes elements such as minimum capital requirements, the reserve asset obligation to cover the entire amount issued, and the right of users to request repayment.
In connection with this legal framework, cross-border stablecoin It is envisaged to establish a separate regulatory mechanism for transfers and transactions. The Financial Services Commission and the Ministry of Finance will work on a joint authority sharing model to control international money flows and ensure financial security.
Regardless of stablecoin regulations, the government also aims to accelerate digital transformation in public finances. A plan will be put into effect to use a quarter of the state treasury in the form of digital money called “deposit token” by 2030. Following the pilot applications, it is aimed to update the relevant laws and create a legal basis for Blockchain-based payment infrastructure. Payment for certain items of public expenditures through digital wallets will also be part of this transformation.
