Dear families, there is new development in South Korea's cryptocurrency policy! Recently, the Financial Supervisory Service of South Korea has taken significant measures and introduced a series of new rules that began implementation in June.

This time the main goal is to pave the way for institutional investors to enter the market. The new regulations require non-profit organizations to have five years of audited financial records when trading cryptocurrencies for donations, and they must establish an internal review committee. Transactions must go through registered financial channels, and they can only accept coins listed on the three major exchanges, which must be converted to Korean won immediately upon receipt.

There are also restrictions on exchanges; they can only sell coins to cover expenses, and daily sales cannot exceed 10% of the planned total. Additionally, only specific cryptocurrencies within the top 20 by market capitalization are allowed for sale.

Moreover, cryptocurrencies must have a minimum circulating supply to be listed, and there will be temporary restrictions on market orders after listing to prevent significant price fluctuations. 'Zombie coins' with no trading volume or popularity will be delisted. At the same time, real-name verification accounts will be implemented, linking all transactions to identities for greater transparency and security.

This wave of actions in South Korea will create a more regulated market for ordinary investors, but it will also increase the entry barriers and trading restrictions. For those planning to invest, it's essential to conduct thorough research before proceeding! #韩国加密政策 $BTC $ETH