#SouthKoreaCryptoPolicy

South Korea's crypto policy is undergoing a significant pro-innovation shift. Following the recent election, President Lee Jae-myung's administration is prioritizing supporting the digital asset industry. Key initiatives include legalizing spot crypto ETFs and introducing a Korean won-backed stablecoin.

Regulations are evolving, with a focus on investor protection through enhanced AML/KYC procedures, stricter exchange listing standards, and penalties for illicit activities. Importantly, institutional participation is expanding, with charities and certain corporations now able to engage in crypto trading. This "strict but supportive" approach aims to integrate digital assets into the mainstream financial system while fostering a secure and transparent market.