#SouthKoreaCryptoPolicy #SouthKoreaCryptoPolicy: Cryptocurrency Policy in South Korea South Korea is shaping progressive cryptocurrency policy. Since 2021, the Special Financial Information Act requires virtual asset service providers (VASPs) to comply with anti-money laundering (AML) and KYC regulations. The Virtual Asset User Protection Act (VAUPA), effective from 2024, enhances investor protection and market transparency. In 2025, South Korea plans to lift the ban on cryptocurrency trading for institutions, allowing spot Bitcoin ETF funds. Cryptocurrency profit tax has been postponed until 2028, promoting market development.