#SouthKoreaCryptoPolicy
. . . This balanced approach aims to foster innovation, protect investors, and position South Korea as a global digital asset hub.
South Korea is rapidly evolving its crypto policy. In July 2024, the Virtual Asset User Protection Act mandated exchanges to store ≥80 % of user funds in cold wallets, mandate real‑name accounts, KYC/AML checks, and insurance reserves . In early 2025, the FSC announced a two‑phase lifting of its institutional trading ban—first non‑profits and universities, then listed companies and professional investors by late 2025 . Furthermore, a second wave of legislation is in motion for stablecoin oversight, transparent listings, and parity with traditional finance . This balanced approach aims to foster innovation, protect investors, and position South Korea as a global digital asset hub.