๐ฐ๐ท #SouthKoreaCryptoPolicy โ A Useful Summary
โ User Protection Law (2024):
Mandating platforms to hold 80% of assets in cold wallets, segregating customer funds, and tightening KYC/AML.
๐ฆ Gradual Market Opening for Institutions (2025):
Starting with non-profits, then companies and professional investors (~3,500 entities).
Institutional guidelines to be issued during Q3.
๐ซ Foreign Platforms:
Investigations and penalties for unlicensed platforms (like KuCoin and BitMEX).
๐ Postponement of Profit Taxes:
20% tax on crypto profits postponed until 2028.
โ๏ธ Additional Laws Coming:
Regulating stablecoins, listing requirements, transparency, and anti-manipulation โ on the way in "Phase Two".
๐ The Message?
Korea is shifting from "Strict Regulation" to "Thoughtful Integration" for institutions and investors, aiming to build a safe and reliable market.