#SouthKoreaCryptoPolicy #SouthKoreaCryptoPolicy

South Korea is making a loud breakthrough in crypto regulation 🌐. Here's what is changing:

1. Corporate and institutional accounts: starting in 2025, gradually, non-profit organizations (universities, charities) will be allowed to sell crypto donations, and corporations and professional investors will be given "real-name" accounts on crypto exchanges.

2. Fighting money laundering: mandatory VASP registration, daily monitoring, strict KYC/AML rules — sanctions are already targeting BitMEX, KuCoin, etc.

3. Taxes on profits: from January 1, 2025, a 20-22% tax on crypto profits will come into effect, with a personal tax-free minimum of $36,000.

4. Investor protection: VAUPA (in 2024) will require cold storage of ≥ 80% of funds, insurance against hacking, and exchange reserves.

➡️ Overall, the policy is aimed at formalizing the market, attracting institutions, minimizing risk, and increasing transparency.

Changes will start in 2025, and this is a big step towards the institutionalization of South Korea's crypto market.