#SouthKoreaCryptoPolicy

South Korea is rolling out major crypto reforms—already in motion and set to accelerate in the coming months. Here’s the latest, data-driven snapshot.

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✅ 1. KYC & AML Rules — June 2025

As of June 1, the Financial Services Commission (FSC) enforced tighter Know-Your-Customer (KYC) and Anti-Money Laundering (AML) standards across exchanges and non-profits. These include:

• Joint customer due diligence with banks.

• Mandatory transaction routing through verified KRW accounts.

• Restrictions on “zombie coins” and low‑liquidity memecoins. Exchanges must delist tokens that fail liquidity benchmarks.

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🏦 2. Non-Profit Crypto Sales Allowed

For the first time, non-profits can now legally accept crypto donations—but with strict conditions:

• Must have ≥ 5 years of audited operations.

• Internal committees to review each donation.

• Immediate liquidation into fiat.

• Donations only in tokens listed on ≥ 3 KRW exchanges