#SouthKoreaCryptoPolicy

South Korea is one of the strictest regulators of the cryptocurrency market in the world. The country is actively implementing laws aimed at protecting investors and combating money laundering. In 2023, rules came into effect requiring exchanges to verify users and report to authorities. This led to an outflow of some capital, but it also increased the transparency of the industry. Major platforms are now required to cooperate with banks, and many altcoins have been delisted. Nevertheless, Korea remains an active crypto hub: the youth and tech businesses continue to invest. The country's policy may serve as a model for other regions.