South Korea will lay the foundation for cryptocurrency transformation by 2025 through institutional reform According to Golden Finance, South Korea is undergoing a major transformation for its cryptocurrency market by 2025, shifting from a retail led prosperity to a market driven by institutions and regulatory frameworks. This reform revolves around four main policy pillars: allowing businesses to participate in stages, establishing frameworks for spot Bitcoin ETFs and Korean won stablecoins, taking stricter measures against unregistered operators and violations of Know Your Customer (KYC) regulations, and strategically suspending the development of central bank digital currencies (CBDCs) in favor of bank led stablecoin pilot projects. In addition, the National Digital Asset Agenda, supervised by the Financial Services Commission, aims to promote innovation while ensuring market protection, although specific implementation details are still being developed.