#SouthKoreaCryptoPolicy ๐Ÿ›๏ธ 1. Market reforms under way

โœ… Virtual Asset User Protection Act (Phase 2)

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๐Ÿ”’ 2. Tougher compliance standards

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๐Ÿฆ 3. Institutional entry planned Q3 2025

FSC aims to lift its 8โ€‘year 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 .

๐Ÿ’ต 4. Cryptocurrency ETFs & stablecoin initiatives

Both major partiesโ€”Democratic (DPK) and People Power (PPP)โ€”are aligned on:

Legalizing spot crypto ETFs, including Bitcoin and Ethereum .

Introducing a wonโ€‘pegged stablecoin to curb capital outflows .

๐Ÿ—“๏ธ 5. Basic Digital Asset Act (DABA