#SouthKoreaCryptoPolicy

South Korea’s Crypto Policy Update 🇰🇷

South Korea has taken strong steps to regulate crypto for safety and growth. The Virtual Asset User Protection Act (July 2024) mandates exchanges to store ≥ 80 % of user funds in cold wallets, secure insurance/reserves, and enforce real‑name accounts and anti-money laundering checks . A two‑phase 2025 plan allows institutions—charities, universities, listed firms—to trade crypto under pilot programs, with corporate real‑name accounts opening mid-year . Regulators are now working on a second regulatory wave targeting exchange transparency, stablecoin rules, and token listing oversight . South Korea aims to balance innovation with investor protection.