#SouthKoreaCryptoPolicy South Korea's crypto policy has seen significant updates recently. Here are the key developments¹ ² ³:

- *Taxation*: The country has delayed implementing a 20% tax on virtual asset income exceeding 2.5 million won ($1,750) annually until January 1, 2027. This move aims to align South Korea's tax framework with evolving global crypto trends.

- *Regulatory Framework*: The Financial Services Commission (FSC) has introduced the Act on the Protection of Virtual Asset Users (VAUPA), focusing on safeguarding user assets, preventing unfair practices, and granting the FSC comprehensive oversight and enforcement powers.