South Korea Tightens Crypto Rules & Opens Doors to Institutions đ°đˇ
Starting July 2024, South Korea enforces the Virtual Asset User Protection Actârequiring exchanges to store 80% of funds in cold wallets, insure assets, and follow strict AML rules. In 2025, institutional access begins, allowing charities and listed firms to trade crypto via real-name accounts. A second-phase law coming late 2025 will target stablecoins, listings, and tokenized securities. Crypto tax (20% on gains over 2.5M KRW) is delayed to 2028. South Korea is becoming a tightly regulated yet promising crypto hub. đđ°đˇ #southkoreacryptopolicy