#SouthKoreaCryptoPolicy
South Korea’s crypto policy is becoming more structured and institution-friendly. The Virtual Asset User Protection Act, effective July 2024, mandates real-name accounts, asset segregation, cold storage (≥80% of user funds), insurance, and AML/KYC compliance. A 20% tax on crypto gains commences January 1, 2025 for profits above ₩2.5 million. In 2025, institutional access opens in phases: charities and universities can trade in H1; corporations and professional investors follow in H2 under FSC pilot programs. The People Power Party also plans to scrap the one‑exchange‑one‑bank rule and enable crypto spot ETFs by year-end.