#SouthKoreaCryptoPolicy

South Korea has strengthened its crypto regulatory framework in recent years. Since 2021, exchanges must register and operate under real accounts, apply AML/KYC safeguards, and maintain minimum reserves. In July 2024, a Virtual Asset User Protection Act came into effect, which requires the segregation of user assets, storing at least 80% in cold wallets, insuring them, and preventing unfair trading practices. Starting in the second half of 2025, institutions such as universities, NGOs, and companies will be able to operate with crypto and sell donations, following a pilot program for real accounts. Additionally, a second regulatory phase is being prepared to reinforce transparency in listings and regulate stablecoins.