TechFlow news, June 20 — According to The Block, South Korea's Financial Services Commission (FSC) has submitted a roadmap to the Presidential Committee on Policy Planning for approving domestic spot cryptocurrency ETFs. Under the plan, South Korea will prepare measures in the second half of 2025 to lift the previous ban on crypto ETF trading due to financial stability risks. This move supports President Lee Jae-myung's campaign pledge, and the FSC also plans to establish regulations this year to fully lift the ban on won-denominated stablecoins. Lee stated that establishing a won stablecoin market would help prevent domestic capital outflows and assist South Korean youth in building financial foundations. As one of the world's largest retail cryptocurrency markets, South Koreans held approximately $7.57 billion worth of cryptocurrencies by the end of last year.
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