#CryptoCharts101 #Cryptocharys101 SouthKoreaCryptoPolicy
South Korea rolled out stricter crypto regulations effective June 1, 2025! 🇰🇷 Non-profits can now sell donated crypto—if they have five years of audited history and a Donation Review Committee—and must convert tokens listed on at least three KRW exchanges immediately.
Crypto exchanges may liquidate user fees (daily cap ~10%) but only for operating costs, and must use real-name bank accounts with AML/KYC checks 🛡️.
The government also plans spot crypto ETFs and a won-backed stablecoin, aiming for institutional adoption and investor protection by end-2025 📈 #SouthKoreaCryptoPolicy
So, South Korea Thinks It Can Tame Crypto? LOL.
BREAKING NEWS: 🚨 South Korea just tried to put a leash on the crypto beast. Officials in suits, who probably think a "blockchain" is a new type of prison, have dropped their "Big Regulation Bomb." 💣 Can you hear that? It's the sound of a million crypto bros spilling their energy drinks.
Here’s their master plan to "protect" us:
🕵️♂️ Super-Duper Exchange Spying: Regulators are putting on their Sherlock Holmes hats to "audit" exchanges. Translation: They’re going to look at spreadsheets until they get confused and give up.
🚫 Bye-Bye, Secret Coins: Privacy coins like Monero are now BANNED! South Korea wants to know exactly how you bought that ugly ape NFT. No more hiding your questionable life choices.
📜 "Show Us Your Homework!": Crypto projects now have to reveal everything—their team, their code, their favorite pizza topping. Because transparency will totally stop another coin named after a dog from hitting a billion-dollar market cap.
⚖️ Jail Time for Scammers: They're threatening "prison time" for fraud. Bold of them to assume crypto scammers have ever seen the sun, let alone the inside of a courtroom.