#SouthKoreaCryptoPolicy South Korea's cryptocurrency policy is one of the most stringent yet also one of the most developed in the world. The South Korean government has adopted a regulatory approach aimed at both protecting investors and fostering the development of the blockchain sector. In 2021, the country introduced mandatory registration for cryptocurrency exchanges, requiring them to cooperate with domestic banks and adhere to strict KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations. In 2023, the introduction of the first comprehensive law regarding digital assets was also announced, covering user protection, transaction transparency, and rules regarding fund storage. South Korea is also investing in the development of a central bank digital currency (CBDC). Although the country previously banned ICOs (Initial Coin Offerings), discussions are currently underway about their potential re-approval under strict supervision.