#SouthKoreaCryptoPolicy Since 2021, South Korea has imposed a strict framework for cryptocurrency exchanges: mandatory registration with KFIU, 'real-name' accounts, and insurance, and from July 2024, the Law for the Protection of Virtual Asset Users came into effect, which requires keeping at least 80% of assets in cold wallets, separating user funds, auditing and separate storage, plus severe penalties for non-compliance.
In 2025, a gradual relaxation begins: in the first half, non-profit organizations (schools, universities, NGOs) can sell donations in crypto; in the second half, approximately 3,500 corporations and professional investors will be able to open 'real-name' accounts and trade officially.
Clear regulations for stablecoins, tokenization, taxes, and crypto ETFs are also planned, aligning with global trends.