#SouthKoreaCryptoPolicy

South Korea & Crypto – Strict Control, but Not Stopping"

South Korea does not ban crypto, but it also does not allow unorganized freedom. The country is implementing a strong legal framework, with the Virtual Asset User Protection Act coming into effect in July 2024. The law requires exchanges to separate user assets from company assets, mandates risk insurance, and strictly penalizes price manipulation.

South Korea also plans to build a national digital asset exchange while researching CBDC (central bank digital currency).

This means: they not only want to control risks but also actively lead the new financial infrastructure.

With a clear legal framework, the country is becoming one of the safest and most serious crypto markets in Asia.

Playing crypto in Korea is legal – as long as you play by the rules.