#SouthKoreaCryptoPolicy

South Korea is tightening cryptocurrency regulation through the Virtual Asset User Protection Act (effective from July 2024). Exchanges must store ≥80% in cold wallets, purchase insurance, and retain data for 15 years. Starting in 2025, organizations such as companies, universities, and charitable foundations will be allowed to trade controlled crypto. The government is also preparing legislation on stablecoins, token listings, and approving crypto ETFs. At the same time, South Korea is rigorously blocking unregistered international exchanges. The new policy aims for transparency and protection.