The South Korean Financial Services Commission announced a plan to approve funds quoted in the stock market (ETF) in the cash of virtual assets, such as Bitcoin (BTC), in the second half of 2025.
This extent It seeks to integrate cryptocurrencies in the South Korean Stock Exchange, the largest 14th in the world, with a market capitalization close to 1.5 billion dollars.
With this step you could open a significant market for Bitcoin, facilitating the entry of institutional capital, similar to what happened in the United States, where ETFs, approved in January 2024, They promoted the digital currency to historical maximums.
The Financial Services Commission prepares the necessary infrastructure for ETFs, including establishment, custody, operation and evaluation, together with protection mechanisms for users and investors.
Besides, Second stage legislation will be promoted to regulate the price, dissemination and negotiation of cryptocurrencies, as well as to investigate and punish commercial practices that are qualified as “unfair.”
The commission reported on June 19 to the National Planning Commission on these initiatives, which also include strengthening the rules of exclusion of insolvent companies in the stock market To prevent price manipulations. These regulations are expected to induce cryptocurrency exchanges to reduce rates by comparative disseminations.
On the other hand, the South Korean government also plans to establish regulations for stablecoins based on the WON, with the aim of guaranteeing global coherence and protecting investors.
Last week, cryptootics reported that South Korea revealed a plan to adopt the stablecoins, through the “digital Asset Basic Act”, a bill designed to increase transparency and promote competition in the cryptocurrency sector.
