#SouthKoreaCryptoPolicy ๐๏ธ 1. Market reforms under way
โ Virtual Asset User Protection Act (Phase 2)
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๐ 2. Tougher compliance standards
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๐ฆ 3. Institutional entry planned Q3 2025
FSC aims to lift its 8โyear ban on institutional investments by Q3 2025, permitting banks, insurances, pension funds, listed companies, etc. to trade crypto under regulated frameworks .
Cross-border crypto transactions will require registration and reporting to the Bank of Korea, probably starting late 2025 .
๐ต 4. Cryptocurrency ETFs & stablecoin initiatives
Both major partiesโDemocratic (DPK) and People Power (PPP)โare aligned on:
Legalizing spot crypto ETFs, including Bitcoin and Ethereum .
Introducing a wonโpegged stablecoin to curb capital outflows .
๐๏ธ 5. Basic Digital Asset Act (DABA