#SouthKoreaCryptoPolicy
What You MUST Know in 2024! ๐จ๐ฒ
๐งพ 1. New Disclosure Laws Incoming!
๐ All crypto holders (especially large investors) must report holdings.
๐ Effective from July 2024 โ Stay compliant!
๐ผ 2. Institutional Oversight Expands
๐ฆ Financial firms now under tighter regulatory watch
๐ Focus on transparency, risk reporting, and investor protection
๐ก๏ธ 3. Stronger Consumer Protection
๐งโ๐ป Platforms must secure assets and disclose token risks
๐ Misleading promotions = penalties โ๏ธ
๐งโโ๏ธ 4. Crypto Crimes = Serious Jail Time
๐ฃ Fraud, manipulation, and rug pulls = ๐ up to life imprisonment
โ ๏ธ South Korea is not playing around!
๐ 5. KYC & AML Upgrades
๐ต๏ธ Exchanges must verify user identities
๐ Anonymous wallets? Say goodbye ๐
๐ Why it matters:
๐ผ Global investors eye ๐ฐ๐ท as a model for balanced crypto regulation
๐ธ Safer environment could spark institutional adoption
