#SouthKoreaCryptoPolicy Here’s a detailed post on the evolving landscape of South Korea’s crypto policy:

🛡️ South Korea Strengthens and Expands Crypto Regulation 📈

South Korea is rapidly updating its crypto policies to balance innovation with investor protection. Starting July 2024, the Virtual Asset User Protection Act went into effect, requiring exchanges to store at least 80% of customer crypto in cold wallets, adopt insurance or reserve funds, and work with licensed banks . This ensures customer assets are safeguarded from hacks or liquidity issues.