#SouthKoreaCryptoPolicy South Korea is tightening regulations on unregistered cryptocurrency exchanges to enhance market transparency. The FSC requires all platforms to register by July 2025, with penalties for non-compliance including fines or shutdowns. This comes after reports of fraud and market manipulation on smaller exchanges. Major platforms like Upbit and Bithumb have complied, but smaller providers are struggling to meet the stringent requirements. This policy aims to protect investors from scams while fostering trust in the cryptocurrency sector. Industry experts predict that there will be consolidation as weaker platforms withdraw. South Korea's proactive stance positions the country as a leader in safe cryptocurrency markets.