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South Korea Proposes Crypto Market Revival with Spot ETFs and Stablecoin Integration
South Korea Proposes Crypto Market Revival with Spot ETFs and Stablecoin Integration
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BTCCSquare news:
South Korea's Financial Services Commission (FSC) has unveiled a roadmap to revitalize the crypto market, including plans to introduce spot crypto exchange-traded funds (ETFs) and regulate stablecoins. The proposal, submitted to the Presidential Committee on Policy Planning, marks a strategic shift from caution to active adoption of digital assets.
The FSC will establish legal and technical frameworks for crypto investment products by year-end, with a focus on custody, pricing, and fund management infrastructure. Investor protection standards are a key priority. This MOVE follows President Lee Jae-myung's campaign promise to legalize crypto ETFs and enhance market safeguards.
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