#韩国加密政策

South Korea's cryptocurrency policy is entering a critical transformation period under the new President Lee Jae-myung. Its core directions include:

1. Strengthening regulatory framework: The implementation of the capital gains tax on virtual asset transfers, originally scheduled for 2025, has been postponed to 2027. However, the 'Virtual Asset User Protection Act' (VAUPA) will be advanced, requiring exchanges to improve compliance mechanisms such as asset custody and prevention of insider trading to prevent a repeat of the Terra/Luna crisis.

2. Institutionalization and internationalization: Promoting the development of a Korean won stablecoin to reduce capital outflows dominated by the US dollar stablecoin, while allowing institutions like the National Pension Service to directly invest in crypto assets, constructing a 'Digital Asset Hub' strategy.

3. Market openness and innovation: Supporting the legalization of spot ETFs, relaxing the 'one exchange, one bank' rule to allow exchanges to collaborate with multiple banks, thereby reducing trading costs; planning to raise the tax exemption threshold for individual trading gains to 50 million won to alleviate tax burdens.

4. Controversies and challenges: The issuance of stablecoins faces concerns about the central bank's influence on monetary policy, adjustments in tax policies may lead to short-term fluctuations in trading volume, and international regulatory coordination also needs breakthroughs.

South Korea's cryptocurrency market trading volume has surpassed 100 trillion won, exceeding the stock market, and this policy shift will reshape its position in the global digital finance landscape.