🇰🇷 #SouthKoreaCryptoPolicy Update

South Korea is getting serious about crypto. To protect investors and boost transparency, the government is rolling out stricter regulations.

👮‍♂️ Starting July 2024, the Virtual Asset User Protection Act takes effect. What’s changing?

Crypto exchanges must separate customer funds from company assets.

Stronger security measures like cold wallet storage are required.

Any suspicious activity must be reported immediately.

📉 Illegal moves like market manipulation, rug pulls, and pump-and-dumps? Now they come with heavy fines or jail time. No more easy escapes.

🛡️ The goal? Create a safer, more transparent crypto space—without shutting down innovation.

Too strict or smart regulation? We’ll find out soon.

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