South Korea eyes spot Bitcoin ETFs by 2025, mirroring global trends and sparking corporate crypto adoption. Will Seoul become Asia's next crypto hub?
South Korea is heating up the crypto scene! Spot Bitcoin ETFs might land in Seoul by 2025, potentially shaking up Asia's digital asset landscape.
South Korea's Crypto U-Turn: ETFs Incoming
Forget the kimchi; Seoul's regulators are cooking up something new: spot Bitcoin and crypto ETFs. The Financial Services Commission (FSC) is sketching out the rules, targeting a launch in the latter half of 2025. Think clear rules for custody, trading platforms, and fund evaluation – no Wild West antics here.
President Lee Jae‑myung wants crypto in the financial mainstream, and ETFs are the ticket. You might soon trade Bitcoin like stocks, all nice and regulated.
Won Stablecoins and Investor Safety First
But wait, there's more! A Korean won-backed stablecoin is also in the works, aiming to curb capital flight and offer a homegrown digital payment option. Plus, tough rules for market manipulators – a
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