#SouthKoreaCryptoPolicy

In South Korea, the Law on the Protection of Investors in Digital Assets takes effect on July 19. Crypto police is a key tool for its implementation.

South Korea is one of the most technologically advanced countries in the world, where cryptocurrencies are actively integrated into the financial system. However, over the past year, regulators have recorded:

More than $4.6 billion in losses from crypto crimes, an increase in "pump-and-dump" schemes on local exchanges,

non-compliance with AML/KYC obligations by some market players.

Analysts believe that South Korea is shaping a new standard for global crypto regulation that countries in the G20 may potentially follow.

The establishment of crypto police is a step towards transparency, security, and a civilized crypto market.