#TradingMistakes101

South Korea is adjusting its cryptocurrency policies to global standards to enhance market reliability. The Financial Services Commission (FSC) is adopting FATF guidelines, focusing on anti-money laundering and counter-terrorism financing measures. By mid-2025, cryptocurrency exchanges must comply with international reporting standards for cross-border transactions. This move aims to attract global investors while curbing illegal activities. The government is also engaging with G20 nations to harmonize regulations. Critics warn of the potential to stifle innovation, but supporters argue that this reinforces South Korea's position as a reliable cryptocurrency hub. The policies reflect a commitment to global cooperation and market integrity.