South Korea is actively fostering its Web3 market, with the Financial Services Commission (FSC) leading the charge. The FSC has outlined plans to progressively integrate domestic companies into the Virtual Digital Assets (VDA) market, primarily cryptocurrency-related, under a framework of legal oversight. This strategic move focuses on evaluating the financial implications of cryptocurrencies while simultaneously promoting sector development.
Looking ahead to 2025, South Korea will conduct two pilot programs. The first will explore crypto-related sales transactions, assessing their viability and potential impact. The second trial involves VDA trading for investment and financial objectives, aiming to understand its role within the broader financial landscape. These initiatives underscore South Korea’s commitment to both regulating and nurturing its evolving Web3 ecosystem.
