#SouthKoreaCryptoPolicy South Korea is actively shaping a comprehensive crypto policy emphasizing investor protection and market integrity. Key aspects include:
* Virtual Asset User Protection Act (effective July 2024): Focuses on user safety, mandatory reserve systems for exchanges, and real-time monitoring.
* Stricter Oversight: The Financial Services Commission (FSC) enforces rigorous compliance for exchanges, including real-name bank accounts for trading and robust AML/KYC protocols.
* Anti-Fraud Measures: New laws impose severe penalties, including imprisonment and hefty fines, for illicit crypto schemes and unfair trading practices like market manipulation.
* Taxation: A 20% capital gains tax on crypto profits exceeding 2.5 million won is planned for 2028 after several delays.
* Institutional Participation: Phased rollout to allow corporate entities, starting with charities and universities, to trade crypto.
#TrumpTariffs #Bitcoin2025 #BinanceAlphaAlert #CircleIPO $BNB