#韩国加密政策 South Korea's cryptocurrency regulatory policies have been tightening recently, significantly impacting the crypto space:

1. **Clear Direction for Strong Regulation**:

Implementing real-name systems for exchanges, strengthening anti-money laundering (AML) efforts, combating illegal activities, requiring platforms to prove reserve funds, and enhancing transparency. **The tightening of policies** is forcing non-compliant platforms to exit, and the market may face liquidity pressure in the short term.

2. **Prohibition on Civil Servants Holding Coins**:

Starting in 2024, public officials will be prohibited from holding and trading cryptocurrencies, sending a **risk warning signal** that may dampen the enthusiasm of some market participants.

3. **Restrictions on Derivatives Trading**:

There are considerations to ban local exchanges from listing token futures and leveraged products (such as Bitget and Bybit have already delisted derivatives in Korea), which would **suppress speculation**, reduce market volatility but weaken trading activity.

4. **Long-term Normalization Benefits**:

Phasing out poor-quality projects and platforms, **protecting investors** and enhancing the credibility of mainstream assets. South Korea's high retail penetration rate (with "kimchi premium" often occurring) means policies have a large emotional impact, but compliance may attract institutional funds into the market.

**Summary**: In the short term, it may trigger market volatility (especially in KRW trading pairs), while in the long term, it promotes a healthy industry and accelerates global regulatory cooperation trends. Traders need to pay attention to compliance risks and be wary of the potential "kimchi premium" fluctuations triggered by policy implementation. 🇰🇷⚠️