#SouthKoreaCryptoPolicy Real-Name Trading and KYC/AML:

Real-Name Bank Accounts: A cornerstone of South Korea's policy is the requirement for cryptocurrency trading to occur through real-name bank accounts linked to licensed exchanges. This measure, in place since 2018, aims to prevent illicit activities like money laundering and tax evasion by ensuring the identity of traders.

Strict KYC/AML Procedures: Exchanges and other VASPs are mandated to implement rigorous Know Your Customer (KYC) and AML procedures, including customer due diligence and suspicious transaction reporting.

Travel Rule: South Korea has implemented the "Travel Rule" for cryptocurrency transactions, requiring VASPs to exchange information about senders and receivers for transfers exceeding a certain threshold (KRW 1 million, approximately EUR 800).