#SouthKoreaCryptoPolicy New Crypto Policy of South Korea (2025), clearly and objectively.
Cryptocurrency exchanges must keep at least 80% of customer assets in offline wallets (cold wallets) for greater security. Additionally, they need to have insurance to cover potential hacker attacks.
Stricter Rules Starting in 2025 (Phase 2):
New regulations will increase oversight on stablecoin issuers, making the listing process on exchanges more demanding. The security of financial institutions will also be strengthened.
Corporate Investments:
The government is testing the possibility of allowing companies, universities, and NGOs to invest in cryptocurrencies legally.
Taxation on Gains:
Starting January 2025, those who profit more than 50 million won from cryptocurrencies will have to pay 20% tax on those gains.
International Transactions Under Monitoring:
The Bank of South Korea will begin to supervise cryptocurrency operations conducted between different countries to prevent irregularities.
NFT Regulation:
NFTs used as a means of payment or on a large scale will be treated as financial assets and will become regulated.