#SouthKoreaCryptoPolicy

📢 | South Korea Reshapes the Crypto Scene! 🇰🇷

The Korean government has approved the Digital Asset User Protection Act, which will come into effect in July 2024, aiming to protect investors and prevent market manipulation. It also announced a plan to regulate stablecoins and expand institutional trading starting in the second half of 2025.

✳️ Measures include:

Mandatory registration and compliance for platforms with KYC/AML

Ban on anonymous currencies like Monero

Strict oversight on international transfers of digital currencies

Korea paves the way for organized and secure growth in the crypto sector.