#SouthKoreaCryptoPolicy

South Korea is establishing a comprehensive regulatory framework for cryptocurrencies, balancing investor protection and money laundering prevention with innovation. The Virtual Asset User Protection Act is key, requiring exchanges to meet high standards of security and KYC/AML. The country has shifted from a strict stance to a more supportive approach, with proposals for spot cryptocurrency ETFs and a stablecoin linked to the won. New rules have been implemented for non-profit organizations and exchanges, with restrictions on token sales. A 20% tax on crypto capital gains has been postponed until 2027. Overall, a safe and transparent crypto environment is sought to foster trust and institutionalization.

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