#SouthKoreaCryptoPolicy South Korea continues tightening its grip on crypto regulations. Binance, the world’s largest crypto exchange, is adapting to the evolving landscape to remain compliant. With the Virtual Asset User Protection Act set to be enforced in July 2024, all exchanges must enhance transparency and security. Binance is working closely with Korean regulators to ensure alignment with local laws, including stricter anti-money laundering (AML) policies and investor protection measures.