#SouthKoreaCryptoPolicy is entering a phase of tightening and professionalization. From 2024, South Korea has implemented the Virtual Asset User Protection Act, requiring exchanges to store at least 80% of user assets in cold wallets and publicly disclose clear information. From 2025, large organizations will be allowed to participate in crypto trading, while a 20% tax law on profits will also come into effect. In addition, the country is tightening regulations on cross-border transactions and cracking down on unregistered international exchanges. This policy indicates that South Korea is moving towards a more transparent and safer market.
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