#SouthKoreaCryptoPolicy Seoul accelerates on crypto regulation

South Korea initiates a new phase of regulation:

– Cross-border controls: from 2025, crypto transactions to foreign countries must be registered with the Bank of Korea.

– Opening to institutional players: non-profits and professional investors will be able to legally operate in the market.

– Phase 2 VASP regulation: focus on listing, stablecoins, and exchange transparency.

– Banks + exchanges: end of the "one bank-one exchange" prohibition, to promote fintech partnerships.

The country aligns with MiCA standards and extends regulated access to new actors, marking a shift from restriction to integration.