#SouthKoreaCryptoPolicy

South Korea 🇰🇷 is rapidly evolving its cryptocurrency policy to balance innovation and investor protection 🛡️. The Virtual Asset User Protection Act , enacted in 2024, enforces strict rules on exchanges, including cold wallet storage and real-name bank accounts 🏦.

A second phase of regulations is expected in mid-2025, focusing on transparency , token listings 🪙, stablecoin oversight 💵, and service provider standards . Institutional access is expanding, with universities 🎓 and charities allowed to open real-name accounts and trade crypto donations.

Meanwhile, a proposed 20% tax on gains has been delayed to 2028. Cross-border crypto transfer regulations will tighten in late 2025 to curb illicit flows 🚫. South Korea is positioning itself as a global leader in responsible crypto governance.