South Korea Implements New Crypto Regulations for Exchanges and Non-Profits
SOL
BTC
Table of Contents
South Korea's Crypto Overhaul Targets Anti-Money Laundering
Market Reacts as Bitcoin Trades at Nearly $94K
Key Points:
South Korea enacts crypto sale rules for non-profits and exchanges.
New rules emphasize anti-money laundering measures.
Market shift expected toward mainstream cryptocurrencies like BTC and ETH.
The South Korean Financial Services Commission will allow non-profits and digital asset exchanges to legally sell digital assets starting June 1. These changes aim to tighten anti-money laundering checks and establish internal review mechanisms.
This regulatory update seeks to curb speculative behaviors and enhance market transparency, affecting how non-profits and exchanges manage their assets.
