South Korea continues to strengthen its stance on crypto regulation, reflecting its commitment to investor protection and market transparency. Beginning July 2024, the Virtual Asset User Protection Act will come into effect, requiring exchanges to store at least 80% of user assets in cold wallets and mandating insurance coverage to safeguard against hacks and system failures. This is a major step toward aligning with global standards and reducing risks for retail investors. While some may view these policies as restrictive, they represent a critical move toward building a sustainable and trusted digital asset ecosystem. As adoption grows, so does the responsibility to create secure infrastructure that benefits both innovation and consumer trust
