#SouthKoreaCryptoPolicy In 2024, the government strengthened regulations against money laundering and stablecoins, requiring issuers of stable cryptocurrencies to maintain 1:1 reserves of fiat currency. The Financial Services Commission (FSC) published an enhanced anti-money laundering framework for virtual assets. Additionally, the government supports innovation and the development of the blockchain ecosystem through initiatives such as the "National Blockchain Innovation Center" and the "Blockchain Startup Support Program."