#SouthKoreaCryptoPolicy

📜 Regulatory Framework (Phase 1 & Phase 2)

✅ Phase 1 – Virtual Asset User Protection Act (July 2024)

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🔍 Phase 2 – Expansion in the second half of 2025

Focuses on:

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🏦 Institutional & Corporate Access

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Reddit notes:

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🌐 Cross‑Border & Tax Regulation

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🚫 Enforcement & Foreign Exchange Oversight

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🔮 What’s Next?

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🧭 Bottom Line

South Korea is evolving from strict investor-protection modes to cautiously enabling institutional adoption, corporate access, and global competitiveness—while retaining tight AML controls.

Regulators continue stepping up enforcement (targeting offshore platforms), taxing profits, and preparing further legislation by the end of 2025. It’s a major shift from past bans, establishing a framework that balances safety, market openness, and global alignment.