South Korea has commenced dialogue on a second crypto regulatory framework aiming for completion by the latter half of 2025. Key discussions include increasing transparency for crypto listings and aligning regulations with traditional finance standards.
The Financial Services Commission, represented by Vice Chairman Kim So-young, emphasizes that investor protection and regulatory clarity are essential. The first regulatory framework, effective July 2024, introduced strict rules for exchanges to safeguard investor assets.
Current discussions also include stablecoin regulations, focusing on global practices for reserve asset management and ensuring user rights. As one of the world’s largest crypto markets, South Korea’s regulatory advancements are vital for the ecosystem.