#SouthKoreaCryptoPolicy South Korea is establishing a comprehensive regulatory framework for cryptocurrencies, balancing investor protection and anti-money laundering with innovation. The Virtual Asset User Protection Act is key, requiring exchanges to meet high standards of security and KYC/AML. The country has shifted from a strict stance to a more supportive approach, with proposals for spot cryptocurrency ETFs and a stablecoin tied to the won. New rules have been implemented for non-profit organizations and exchanges, with restrictions on token sales. A 20% tax on crypto capital gains has been postponed until 2027. Overall, a safe and transparent crypto environment is sought to foster trust and institutionalization.