#SouthKoreaCryptoPolicy

🇰🇷💡 South Korea and Digital Currencies: Regulating the Market Without Stifling Innovation 🔍📊

South Korea is one of the most advanced countries in the field of digital currency regulation, but its approach is unique: it encourages innovation while imposing strict oversight.

🔒 On one hand:

The government requires platforms to verify real names and officially register every crypto company.

It has imposed a new law to protect users, mandating that 80% of customer funds be kept in cold wallets.

It pursues unlicensed foreign platforms and prohibits them from operating within the country.

🚀 On the other hand:

It has started opening the door for government institutions and universities to own digital assets.

It is preparing a second phase of laws to regulate issuances and stablecoins.

It has postponed tax imposition to encourage growth before "cutting into profits."

💬 South Korea sends a clear message:

"We are with crypto, but on our terms."

Its market is developing at a measured pace and could become a global model for regulating digital assets.

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