#SouthKoreaCryptoPolicy

South Korea is taking a proactive stance on crypto regulation to protect investors and ensure market transparency. The country requires exchanges to partner with banks and implement strict KYC (Know Your Customer) and AML (Anti-Money Laundering) protocols. Recently, South Korea passed legislation to monitor crypto transactions, track large transfers, and enhance asset custody standards. The government is also exploring a central bank digital currency (CBDC). While the rules are strict, they aim to legitimize crypto and attract responsible innovation. South Korea's balanced approach shows how regulation can promote both security and growth in the crypto space.