#SouthKoreaCryptoPolicy
🇰🇷 South Korea Crypto Policy – New regulatory trends in the heart of Asia!
In a notable development, regulatory authorities in South Korea announced new steps to enhance oversight of the cryptocurrency market, as the implementation of the "Digital Asset Act" approaches, which will come into effect in the second half of 2025.
🔍 Key updates:
🏦 Stricter licensing requirements for local exchanges and platforms 🔐 Measures to protect individual investors include insurance against breaches 📊 Platforms are required to disclose reserves and transactions periodically ⚖️ Regulation of new coin projects (ICOs) under direct supervision
💬 At the same time, the government is seeking to strike a balance between financial innovation and protection, and is working to prepare a legal environment that allows Web3 companies to grow while reducing the risks of fraud and money laundering.
South Korea proves once again that it is not only a technology hub but also a global laboratory for smart and organized cryptocurrency regulation.