South Korea plans to launch a Spot Bitcoin ETF by 2026, with new digital asset legislation and 25% of treasury funds in crypto by 2030.
South Korea has confirmed plans to launch a Spot Bitcoin ETF by 2026. This move is part of the country’s strategy to enhance the crypto market’s growth and stability.
The announcement signals the government’s intent to create a clear regulatory framework for digital assets.
South Korea aims to position itself alongside other global leaders in crypto regulation, such as the U.S. and Hong Kong.
Regulatory Developments for Bitcoin ETF and Digital Assets
South Korea is going all-in on digital assets! As part of its 2026 Economic Growth Strategy, the government plans to launch a Bitcoin ETF by 2026.
This initiative includes new digital asset legislation, with a primary focus on stablecoin regulation.
The aim is to bring more structure and clarity to the country’s growing digital asset market, fostering a secure environment for crypto investments.
The government also plans to pass the Digital Asset Second-Phase Act this year. This act will introduce stablecoin rules and licensing frameworks, while paving the way for spot crypto ETFs.
Even more significantly, South Korea is considering moving 25% of its treasury funds into digital currencies by 2030, positioning the country as a global leader in digital assets.
The legislation will address key areas, including the licensing of stablecoin issuers and setting capital requirements.
Additionally, cross-border stablecoin transfers will be regulated to ensure compliance with international standards.
These measures are designed to stabilize the market and make South Korea an attractive destination for institutional investors looking to enter the crypto space.
Increased Institutional Interest and Growing Digital Asset Adoption
South Korea is seeing a surge in institutional interest in digital assets. Last year, the government lifted a ban on crypto firms accessing venture capital funding.
This change has allowed blockchain startups to receive much-needed funding, encouraging growth in the sector.
Binance, the world’s largest crypto exchange, recently acquired South Korean exchange Gopax, signaling strong institutional interest.
The country’s adoption of cryptocurrencies is also rising among the public. South Korea now ranks as one of the leading markets for digital asset usage globally.
The government is also exploring new ways to integrate blockchain technology into the nation’s financial system.
One proposal is the introduction of deposit tokens, which would be collateralized by commercial bank deposits.
These developments reflect South Korea’s growing role in the global crypto market. Institutional investors are looking to South Korea as a hub for digital asset growth.
The government’s support for blockchain technology and digital currencies positions the country as a leader in the industry.
Related Reading: South Korea Allocates 25% of $499B Budget in Crypto by 2030
South Korea’s Regulatory Framework for Digital Assets
South Korea is working on updating its regulatory framework to support digital asset innovation.
By the end of this year, the government plans to introduce legal changes to regulate blockchain-based payments and settlements.
These changes will be made through revisions to the Bank of Korea Act and the Treasury Administration Act.
The goal of these revisions is to provide a solid legal foundation for digital asset activities.
This will help ensure the security and stability of the market while encouraging further innovation.
The government is also exploring the use of crypto wallets for managing government-related transactions.
As South Korea continues to develop its regulatory framework, it is positioning itself as a leader in digital asset adoption.
These efforts are expected to create a secure environment for investors while fostering growth in the blockchain sector.
The Bitcoin ETF is just one part of a larger strategy to integrate digital assets into South Korea’s financial system.
Source: https://www.livebitcoinnews.com/south-korea-officially-announces-spot-bitcoin-etf-launch-in-2026/
