#SouthKoreaCryptoPolicy **South Korea Tightens Crypto Regulations, Impacting Binance and Other Exchanges**

South Korea is strengthening its cryptocurrency regulations, affecting global exchanges like Binance. The Financial Services Commission (FSC) has introduced stricter anti-money laundering (AML) and know-your-customer (KYC) rules, requiring exchanges to report suspicious transactions.

Binance, which previously faced issues in South Korea due to compliance gaps, may encounter further challenges. Local exchanges must now partner with banks to offer won-based trading, a rule that has limited foreign platforms’ access.

Additionally, South Korea is considering a new bill to classify crypto currencies as securities, increasing oversight. These measures aim to protect investors but could limit market growth. Binance and other global exchanges must adapt to remain competitive in South Korea’s evolving crypto landscape.