# South Korea's Cryptocurrency Policy As the South Korean presidential election approaches, both major candidates support the legalization of cryptocurrency assets!

South Korea's cryptocurrency policy is entering a critical transformation period under the new president Lee Jae-myung. The core directions include:

1. Strengthening the regulatory framework: The implementation of the capital gains tax on virtual assets, originally set for 2025, has been postponed to 2027, while simultaneously advancing the Virtual Asset User Protection Act (VAUPA), which requires exchanges to improve asset custody, insider trading prevention, and other compliance mechanisms to prevent a repeat of the Terra/Luna crisis. $BTC