South Korea to Draft Digital Asset Act With Stablecoin Rules, Allow Spot Crypto ETFs in 2025

South Korea plans to draft a second-phase Digital Asset Act this year establishing a regulatory framework for stablecoins and permitting spot digital asset ETFs, News1 reports. The Financial Services Commission will lead legislation requiring stablecoin issuers to obtain licenses with capital requirements, maintain reserves exceeding 100% of issuance, guarantee redemption rights, and oversee cross-border transfers in coordination with the Ministry of Economy and Finance. The measures were outlined in the government's 2026 Economic Growth Strategy released on Jan. 5, which also includes operating one-quarter of treasury funds as deposit tokens by 2030 and revising the Bank of Korea Act after reviewing pilot projects.