Here’s a 100‑word post draft for Binance on South Korea’s crypto policy:
💼 South Korea Crypto Policy Update on Binance
South Korea has recently strengthened crypto regulations, focusing on investor protection and transparency. The Virtual Asset User Protection Act, effective July 2024, mandates that exchanges hold ≥ 80% of user deposits in cold storage, partner with local banks for fiat custody, maintain crypto reserves matching customer holdings, and carry insurance for hacks or liquidity events (binance.com). Upcoming in H2 2025, strict controls on cross‑border virtual asset flows will require regulatory registration and monthly reporting to the Bank of Korea . Binance continues its commitment to compliance and user safety in South Korea by aligning with these reforms. 🌐✅