#SouthKoreaCryptoPolicy
In June South Korea continues tightening its crypto regulations to protect investors and align with global standards The Financial Services Commission enforces the Virtual Asset User Protection Act requiring exchanges to hold 80 percent of customer assets in cold wallets and prevent price manipulation or unfair trading Travel Rule compliance remains mandatory for transfers over one million Korean won with sender and recipient data shared Institutional access expands gradually allowing nonprofits and listed firms to trade under supervision Starting January 2025 capital gains from crypto will be taxed at 20 percent with more regulations expected later in the year