๐ฐ๐ท Big Changes, Bigger Opportunities! ๐จ
South Korea is stepping up its crypto game in 2025 โ and traders need to stay in the loop:
๐ Cross-Border Reporting Rules (Late 2025)
Crypto firms must now report overseas transfers to the Bank of Korea monthly. This targets illegal FX deals, which totaled a shocking โฉ11 trillion (~$8B) since 2020!
๐ฆ Institutions Enter the Arena
Starting this year, charities and universities can liquidate crypto donations. Soon, over 3,500 institutions will get real-name accounts to trade legally.
๐ก๏ธ User Protection Act Is LIVE
From July 2024, exchanges must use cold storage, carry hack insurance, and separate user assets from company funds.
๐ก Pro Tip:
With regulation comes trust. South Koreaโs clarity could fuel institutional inflows, safer retail trading, and global momentum. Eyes on Korea ๐ฐ๐ท
This isn't just policy โ it's the foundation of a new era in Asian crypto trading.