South Korea Reshapes Crypto Landscape with Bold New Policies

South Korea is entering a new era of crypto regulation and innovation. Starting in 2025, the government will enforce stricter rules to ensure security and transparency in the digital asset space. This includes mandatory reporting of cross-border crypto transactions and a new capital gains tax of 20% on profits above a set threshold. The country is also enhancing investor protections by requiring exchanges to store most user funds in cold wallets and secure insurance against hacks. Perhaps most notably, institutions will finally be allowed to participate in crypto markets, ending a long-standing restriction. These changes under #SouthKoreaCryptoPolicy aim to balance investor safety with the country's growing appetite for digital finance.