#SouthKoreaCryptoPolicy 🚨 South Korea Tightens Crypto Rules While Embracing Institutional Adoption 🇰🇷💼
Starting July 2024, the Virtual Asset User Protection Act comes into effect—mandating crypto exchanges to store 80% of user funds in cold wallets and strictly separate client assets from company funds. 🧊🔐
A three-phase adoption plan is underway:
1️⃣ Gov agencies & nonprofits
2️⃣ Investment firms
3️⃣ Public companies (by late 2025)
South Korea’s future roadmap includes:
🔄 Stablecoin regulation
🧾 Transparent disclosures
📊 Spot ETFs & tokenized securities
🏢 Corporate crypto trading
This strategic shift signals a safer, more structured digital asset economy—laying the foundation for mainstream institutional participation in crypto. 🚀