South Korea is tightening its cryptocurrency regulations to enhance investor protection and prevent illicit activities. The Financial Services Commission recently introduced stricter guidelines for exchanges, requiring higher transparency and security measures. This includes mandatory real-name accounts and rigorous anti-money laundering protocols. The move follows several high-profile incidents and reflects the government's cautious stance on digital assets. While innovation is encouraged, compliance is now critical for crypto firms operating in South Korea. These new policies aim to foster a safer trading environment while maintaining regulatory oversight. Industry players must adapt quickly or face penalties.
