In recent years, South Korea has actively promoted cryptocurrency regulation, striving to balance innovation and investor protection. In July 2024, the Virtual Asset User Protection Act (VAUPA) will come into effect, regulating Virtual Asset Service Providers (VASP), requiring real-name verification, cold wallet storage of 80% of user assets, and compliance with Anti-Money Laundering (AML) regulations. In 2025, South Korea plans to gradually lift the ban on corporate cryptocurrency trading, allowing institutional investors to participate, and is considering the launch of cryptocurrency spot ETFs and a Korean won stablecoin to enhance market transparency and liquidity. Presidential candidate Lee Jae-myung supports easing regulations to allow pension funds to invest in crypto assets, demonstrating South Korea's determination to become a global digital asset hub.