$ETH
๐จ South Korea Tightens the Reins on Crypto ๐ฐ๐ท๐ฐ
Starting July 2025, South Korea's new Virtual Asset User Protection Act will officially take effect โ a bold move aiming to regulate crypto markets and protect investors.
๐ Key Highlights:
Mandatory reserve funds for exchanges to safeguard user assets
Stricter penalties for unfair trading practices like pump-and-dump & wash trading
Enhanced disclosure requirements for virtual asset operators
The Financial Services Commission (FSC) will lead enforcement
๐ฏ Why it matters: South Korea is signaling a pro-regulation, not anti-innovation stance. Itโs focused on building trust in the crypto space while weeding out bad actors โ a model that other countries may soon follow.
๐ What to watch:
How global crypto firms respond
The effect on South Koreaโs active retail investor market
Potential shift in global regulatory standards
๐ข Regulation is coming โ and South Korea is ahead of the curve.
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