With Bitcoin's price rising to $94,000, targeting a resistance level of $95,000 amid strong upward momentum, South Korea has announced its official plans to launch a Spot Bitcoin ETF by 2026. This announcement is part of the 2026 economic growth strategy and aims to boost the growth and security of the country's digital currency market.
The announcement signals the government's intent to establish a clear regulatory framework for digital assets, placing South Korea alongside global leaders in crypto regulation such as the United States and Hong Kong.
### Regulatory Developments in Bitcoin and Digital Asset Funds
South Korea is moving strongly toward digital assets! As part of its 2026 economic growth strategy, the government plans to launch a Bitcoin ETF by 2026.
This initiative includes issuing new legislation for digital assets, with a primary focus on regulating stablecoins. The goal is to provide a clearer and safer framework for the country's expanding digital asset market, creating a secure environment for crypto investments.
The government also plans to pass the Digital Assets Act - Phase Two this year. This law will provide rules for stablecoins and licensing frameworks, paving the way for spot crypto ETFs.
Most importantly, South Korea is considering allocating 25% of its public treasury funds to digital currencies by 2030, making it one of the world's leading nations in digital asset adoption.
> 🇰🇷🚀 South Korea is going all-in on digital assets!
> The government plans to pass the Digital Assets Act - Phase Two this year, with rules for stablecoins, spot crypto funds, and clear licensing frameworks 📜
> And the biggest: 25% of treasury funds could shift to digital currencies by...
> — SWFT Blockchain
The legislation will cover key areas such as licensing of stablecoin issuers, capital requirements, and regulation of cross-border stablecoin transfers to ensure compliance with international standards.
These measures aim to stabilize the market and make South Korea an attractive destination for institutional investors looking to enter the crypto space.
### Rising Institutional Interest and Increasing Adoption of Digital Assets
South Korea is experiencing a surge in institutional interest in digital assets. Last year, the government lifted the ban on crypto firms accessing venture capital funding, enabling blockchain startups to secure necessary financing and encouraging sector growth.
Additionally, Binance, the world's largest crypto exchange, recently acquired the South Korean exchange Gopax, signaling strong and growing institutional interest.
Digital asset adoption among the public is also rising, with South Korea ranking among the world leaders in digital asset usage.
The government is exploring new ways to integrate blockchain technology into the national financial system, including proposing the introduction of bank deposit-backed deposit tokens.
These developments reflect South Korea's growing role in the global crypto market, as institutional investors view it as a hub for digital asset growth.
### The Regulatory Framework for Digital Assets in South Korea
South Korea is working to update its regulatory framework to support innovation in digital assets. By the end of this year, the government plans to introduce legal changes to regulate blockchain-based payments and settlements.
These changes will be implemented through amendments to the Bank of Korea Act and the Treasury Management Act, aiming to provide a solid legal foundation for digital asset activities.
This helps ensure market safety and stability while encouraging further innovation.
The government is also exploring the use of crypto wallets to manage government-related transactions.
As the regulatory framework continues to develop, South Korea positions itself as a leader in digital asset adoption.
The spot Bitcoin fund is just one part of a broader strategy to integrate digital assets into South Korea's financial system.
This step represents a major shift in South Korea's policy toward crypto and is expected to attract more institutional investment, boost innovation in fintech, and help establish the country as a key hub for digital finance in Asia.
