🇰🇷 South Korea’s Crypto Game Changer — Investor Safety Meets Innovation! 🚀
South Korea has fully rolled out its Virtual Asset User Protection Act (July 2024), demanding exchanges to hold at least 80% of user funds in cold wallets, maintain fiat in licensed banks, and secure insurance or reserves against hacks — a major leap for investor safety .
Now, its Financial Services Commission is phasing in institutional trading, starting with nonprofits and universities, then adding professional investors and listed firms by mid‑2025 .
Plus, a dedicated roadmap for stablecoin regulation is set for H2 2025 .
This policy evolution balances safeguards with growth, cementing South Korea’s position as a crypto innovation leader! 🌐