#SouthKoreaCryptoPolicy
South Korea has taken a strict but structured approach to crypto regulation. Under the Virtual Asset User Protection Act, exchanges must store 80% of user assets in cold wallets and maintain insurance and reserves. Real-name bank accounts and full KYC/AML compliance are mandatory. Privacy coins like Monero are banned, and over 1,300 tokens are undergoing review for legitimacy. The government is actively protecting users while encouraging innovation. With the Digital Asset Exchange Alliance (DAXA) setting self-regulatory standards, South Korea aims to balance safety with growth. For traders and investors, it's a secure but highly regulated environment. No room for shady games here.
