#SouthKoreaCryptoPolicy Here’s a clearer snapshot of South Korea’s crypto policy:

🇰🇷 South Korea Crypto Policy — June 2025 Update

1. Tightened KYC/AML & Travel Rule

All Virtual Asset Service Providers (VASPs) must follow strict KYC/AML rules—real-name bank accounts, ISMS certification, and registration with the Financial Intelligence Unit .

The FATF-style Travel Rule, effective since March 2022, applies to VASP transactions ≥₩1 million (~€800)—requiring identity (sender/receiver) info exchange within 3 business days .

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2. June 1, 2025: New FSC Regulations

Nonprofits can accept crypto donations—but must:

Be operational for 5+ years, audited, and set up a donation-review committee.

Immediately liquidate donations via verified KRW exchange accounts, only for tokens listed on ≥ 3 domestic exchanges .

Exchanges must abide by:

Daily sales limits: no more than 10% of planned volume.

Only top 20 tokens by market cap allowed.

Min-circulating supply, restrictions on market orders post-listing, and delisting low-liquidity/meme tokens .

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3. Stablecoins & Institutional Access

The Bank of Korea is working on stablecoin regulations—reserves, transparency, and issuer requirements to protect monetary stability .

Plans to lift institutional bans by Q3 2025: allowing pension funds, corporate investors, and spot Bitcoin ETFs .

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4. Bipartisan Political Support

Both President‑elect Lee Jae‑myung (Democratic Party) and runner-up Kim Moon‑soo (People Power Party) support:

Spot crypto ETFs, won-backed stablecoins, easing banking-exchange rules, and institutional participation