South Korea's Financial Services Commission (FSC) is drafting a proposal to support the launch of spot crypto ETFs, aiming for release in the second half of 2025.
The regulator plans to assess potential financial risks, investor exposure, and infrastructure needs while reinforcing user protections.
This move reflects President Lee Jae-myung’s campaign pledge to allow Bitcoin-based ETFs and aligns with broader efforts to formalize crypto investment vehicles in the country.
Alongside the ETF push, the FSC is advancing new rules for digital asset listings, disclosures, and market conduct. Stablecoins are also under review, with officials warning that growing reliance on dollar-pegged tokens could raise macroeconomic risks.
The FSC plans to align regulations with international standards and improve market transparency.
Additionally, South Korea’s top exchanges—Upbit, Bithumb, and Coinone—will face a government-led review of their transaction fee structures to ensure fairness and proper disclosure.
Even with fresh conflict in the Middle East and a less-than-dovish Federal Reserve outlook, Bitcoin has spent more than five weeks trading comfortably above $100,000.
China’s biggest crypto hardware manufacturers are redrawing their maps. Faced with mounting U.S. tariffs on tech imports, Bitmain, Canaan, and MicroBT — firms that collectively dominate over 90% of the global bitcoin mining rig market — are moving parts of their production to the United States.
Bitdeer Technologies, a Bitcoin mining firm based in Singapore, is gearing up to raise $330 million through a fresh offering of senior convertible notes maturing in 2031.
Bitcoin’s recent surge to $109,000 has been overshadowed by renewed conflict in the Middle East, with heightened tensions between Israel and Iran putting pressure on the market.