#SouthKoreaCryptoPolicy 1 (BTC) is stirring in South Korea, where crypto policy is evolving fast. Recent posts on X highlight a pro-crypto shift under President Lee Jae-myung, with plans for spot Bitcoin ETFs, KRW-backed stablecoins, and a Digital Assets Committee to reform laws. The Virtual Asset User Protection Act (VAUPA), effective July 2024, enforces strict AML/KYC rules and user asset protections, like cold wallet storage. Despite these moves, trading volumes remain low, signaling cautious investor sentiment. The Kimchi Premium persists, reflecting high local demand. South Korea’s tech-savvy market is poised for growth, balancing innovation with robust regulation.