#SouthKoreaCryptoPolicy 100 wordsSouth Korea has established a comprehensive regulatory framework for cryptocurrencies and blockchain technologies, aiming to balance innovation with investor protection. The government has implemented stringent anti-money laundering measures, requiring cryptocurrency exchanges to comply with the same financial regulations as traditional financial institutions. This includes adhering to the Financial Services Commission's guidelines for real-name verification and transaction reporting to the Financial Intelligence Unit. While initial coin offerings (ICOs) remain banned to mitigate risks of fraud, the government continues to explore a potential digital currency issued by the central bank. By fostering a secure and transparent environment, South Korea seeks to promote technological advancement while safeguarding economic stability.