South Korea’s Crypto Regulations: A Quick Overview :
All crypto trading requires real-name bank accounts (no anonymous trading).
Crypto exchanges must be licensed and follow strict AML/KYC rules.
The government closely monitors and regulates all crypto activities.
New president (Lee Jae-myung) is crypto-friendly and supports legalizing spot crypto ETFs and won-based stablecoins.
Pension funds and institutions may soon be allowed to invest in crypto.
Strong penalties for non-compliance (fines, jail).
New laws (Digital Asset Basic Act) are expected to clarify stablecoin rules and create a self-regulatory body.
Taxation rules are being developed.
South Korea aligns with global standards for transparency and anti-money laundering.
Focus is on protecting users while encouraging blockchain innovation.
