#SouthKoreaCryptoPolicy 🧾 1. Second phase of cryptocurrency regulation underway in South Korea

– The Financial Services Commission (FSC) has begun discussions for a second stage of regulation, focused on:

Establishing rules on stablecoins, user protection, and standards for token listings.

Introducing stricter obligations for exchanges and issuers of digital assets.

– The timeline aims to have a draft law by mid-2025, according to reports from EDaily and The Block.

🏦 2. Steps to open real accounts for institutions

South Korea plans to gradually open access to cryptocurrencies for institutional entities:

In the first phase: non-profit organizations (universities, NGOs, public entities) will be able to open real accounts.

In subsequent phases: listed companies and professionals in the sector are also expected to operate in crypto markets.

🛡️ 3. Background: the first regulatory phase

Let's remember that the Virtual Asset User Protection Act was approved in July 2024. Among its highlights:

Exchanges must keep ≥ 80% of deposits in cold wallets.

Insurance or reserves are required to protect user capital.

Continuous supervision for token listings, regular reviews, and tougher penalties are established.

📊 What does all this mean

This movement seeks:

1. To deepen investor protection and minimize abusive practices.

2. To align regulations with international standards (such as in the US, European Union, Singapore).

3. To open the door to greater institutional participation, boosting legitimacy and liquidity in the local market.

⚠️ WARNING ⚠️

📌 This is a personal and subjective analysis from Cripto Analista, it is not advice, and under no circumstances should it be taken as a signal to operate.

🔎 Do your own research! (DYOR)

👤 By Cripto Analista Latam