South Korea is in the midst of a major transformation of its cryptocurrency market for 2025, moving away from a retail-led boom towards a market driven by an institutional and regulatory framework. The reform is centred on four main policy pillars: phasing in corporate participation, establishing a framework for spot bitcoin ETFs and Korean won stablecoins, tougher measures against unregistered operators and violations of "know your customer" (KYC) regulations, and a strategic moratorium on central bank digital currency (CBDC) development in favor of bank-led stablecoin pilot projects.
In addition, the National Digital Asset Agenda, overseen by the Financial Services Commission, is designed to promote innovation while ensuring that markets are protected, although specific implementation details are still being worked out.
South Korea will lay the foundation for cryptocurrency transformation by 2025 through institutional reforms
2025-08-18 06:26:13
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