#SouthKoreaCryptoPolicy

South Korea takes bold steps to reshape the cryptocurrency market, with key changes aimed at enhancing competition and innovation. Here are the main updates:

🔹 **Abolition of the "One Exchange - One Bank" rule**

This rule required trading platforms to work with only one bank, which limited competition. Now, it will be abolished to open the door for more diverse partnerships between banks and platforms.

🔹 **Legalization of institutional trading**

By the end of 2025, non-profit institutions and large companies will be allowed to trade in the cryptocurrency market, which will increase liquidity and enhance innovation in the sector.

🔹 **Approval of cryptocurrency ETFs**

South Korea is preparing to approve cryptocurrency exchange-traded funds (ETFs), which will allow investors to access digital assets in an organized and secure manner, similar to the United States and the United Kingdom.

🔹 **Tax and regulatory changes**

The new plan includes tax relief for small investors, as well as putting clear regulations in place to update security token offerings (STOs) and stablecoins.

Do you think these changes will make South Korea a global hub for cryptocurrencies? 🚀