#SouthKoreaCryptoPolicy maintains a proactive and structured approach to cryptocurrency regulation. The Virtual Asset User Protection Act, implemented in July 2024, enforces strict requirements such as storing at least 80% of user assets in cold wallets, securing insurance reserves, and increased supervision by the Financial Services Commission (FSC) and Financial Supervisory Service (FSS). In 2025, the FSC introduced guidelines to open the crypto market to institutional investors, including charities and universities, by the third quarter. Additionally, cross-border crypto transactions will require monthly reporting to the Bank of Korea starting later in 2025. These policies aim to ensure safety while encouraging growth.