#SouthKoreaCryptoPolicy South Korea maintains a progressive yet tightly regulated approach to cryptocurrency. The government enforces strict compliance through the Financial Services Commission (FSC), mandating real-name trading accounts and anti-money laundering (AML) protocols. Exchanges must partner with banks for verified transactions. Taxation on crypto gains is under active legislative review, signaling broader institutional oversight. Initial Coin Offerings (ICOs) remain banned domestically, though regulatory frameworks for their future legalization are under discussion. South Korea is also investing in blockchain innovation, supporting Web3 and digital asset infrastructure. This dual focus—regulatory compliance and technological advancement—positions the nation as a critical stakeholder in the global crypto ecosystem.