The Korean government plans to establish a stablecoin regulatory bill this year and introduce a digital asset spot ETF. On January 9, according to News1, the Korean government plans to develop the "Digital Asset (Virtual Asset) Phase Two Bill" this year, which will include a stablecoin regulatory framework, and will simultaneously launch a cross-border stablecoin transfer and trading regulation scheme linked to this bill. Additionally, a digital asset spot exchange-traded fund (ETF) is also planned to be introduced within this year. On the 5th, the government released the "2026 Economic Growth Strategy," which includes the above content, with the Financial Services Commission as the responsible authority. First, the Financial Services Commission will promote legislation for the second phase of digital assets. Regarding stablecoins, the following are expected to be included:


- Issuance licensing system (capital requirements, etc.)
- Reserve asset management (maintaining issuance above 100%)
- Redemption rights, etc.
At the same time, a regulatory scheme for cross-border stablecoin transfers and trading linked to this bill will be developed. The responsible authorities are the Financial Services Commission and the Ministry of Economy and Finance. Considering that Bitcoin spot ETFs have already been actively traded in other countries and regions such as the US and Hong Kong, this plan also includes allowing digital asset spot ETFs within this year. Previously in South Korea, spot ETF trading was not possible because digital assets like Bitcoin were not recognized as underlying assets for ETFs. Besides stablecoins, the government also plans to promote a scheme by 2030 to allocate one-quarter of national treasury funds in the form of digital currency, known as "deposit tokens." The government stated that after reviewing the results of pilot projects, it will revise laws such as the "Bank of Korea Act" and the "Treasury Funds Management Act," and establish a legal basis for blockchain-based payment settlement within the year. Additionally, there are plans to promote electronic wallets that can be used for business operation fees and other payment settlements.
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