#SouthKoreaCryptoPolicy

South Korea maintains a "strict but supportive" approach to cryptocurrency. While not recognized as legal tender, crypto trading is legal through licensed exchanges requiring real-name bank accounts for AML/KYC compliance. Upcoming regulations, like the Virtual Asset User Protection Act, will further safeguard users and curb illicit activities. The government is actively exploring legalizing spot crypto ETFs and won-backed stablecoins, reflecting a bipartisan shift towards embracing digital assets and fostering innovation within a regulated framework, positioning South Korea as a significant player in the global crypto landscape.