#SouthKoreaCryptoPolicy South Korea's crypto policy is rapidly evolving to balance innovation with investor protection. Here are the latest developments¹:

- *New Regulations*: The government is tightening its grip on crypto with new investor protection laws, stricter exchange regulations, and a nationwide crackdown on illicit trading set to go live in July.

- *Digital Asset Committee*: A new committee will oversee digital assets, and crypto-to-fiat transactions will be under real-time surveillance.

- *Exchange Requirements*: Exchanges must meet bank-level compliance standards, store 80% of user funds in cold wallets, and maintain segregated customer accounts.

- *Taxation*: A 20% capital gains tax will be implemented starting January 1, 2025, with an exemption