#SouthKoreaCryptoPolicy South Korea has established a strict regulatory framework for cryptocurrencies, requiring exchanges to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) guidelines. The Financial Services Commission (FSC) oversees the industry, mandating registration and real-name verification through local banks. The Digital Asset Basic Act (DABA) aims to provide clearer rules for crypto service providers. President Lee Jae-myung's administration is expected to accelerate crypto integration, potentially allowing spot crypto ETFs and pension fund investments. A won-based stablecoin is also being considered, signaling a more crypto-friendly environment despite ongoing legal challenges for the president