#SouthKoreaCryptoPolicy

South Korea is tightening its grip on the crypto industry with a new regulatory framework set to take effect in July 2025. The Virtual Asset User Protection Act will impose stricter rules on exchanges, custodians, and token issuers, requiring clear disclosures and stronger safeguards against fraud. Regulators will have authority to suspend suspicious transactions and penalize market manipulation with fines or prison. The Financial Services Commission (FSC) aims to balance investor protection with innovation, signaling that non-compliant platforms could be shut down. As South Korea cements its position as a major crypto hub, industry players are urged to adapt swiftly—or risk exclusion from one of Asia’s most dynamic digital asset markets. #SouthKoreaCryptoPolicy