South Korea will lift its seven-year ban on Initial Coin Offerings (ICOs) in 2025, introducing a regulated framework under the second phase of the Digital Asset Basic Act. This new framework mandates comprehensive disclosures and local oversight for crypto fundraising activities. Additionally, stablecoin issuers like Tether and USD Coin will be required to establish a local presence and adhere to domestic regulations. The reforms are designed to enhance investor protection, minimize regulatory arbitrage, and foster blockchain innovation. The draft legislation also incorporates measures to align with international standards for Countering the Financing of Terrorism, thereby strengthening compliance protocols.