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South Korean regulators are poised to embrace Bitcoin ETFs closely monitoring Japan’s movements in the cryptocurrency sector. Tokyo’s potential approval of crypto spot exchange-traded funds could influence Seoul’s decision-making process as reported by Maeil Kyungjae. Japanese financial authorities recently shifted toward classifying crypto as a legitimate investment tool signaling a broader acceptance that South Korea may soon mirror.
The discussions surrounding Bitcoin ETF approval in South Korea began last year by the Financial Services Commission but have faced cautious progress. Despite a historical tepid stance toward cryptocurrencies the recent developments in Japan have spurred a responsive attitude from Seoul’s financial leaders. This includes the Financial Supervisory Service reviewing Japan’s policy changes and sharing findings with local authorities aiming to synchronize their regulatory frameworks.
With Japan expected to implement significant crypto-related regulatory changes by mid-2025 the pressure is on for South Korea to respond effectively. The Japanese government’s endorsement of these measures could set a precedent allowing South Korean policymakers to align their crypto regulations accordingly. This move would mark a significant step in fostering a regulated yet supportive environment for cryptocurrency investments in the region.
