#SouthKoreaCryptoPolicy

South Korea is stepping up its game in the crypto space, and every trader should pay attention. Here’s what’s happening:

🔍 Key Developments:

New Regulatory Framework launching July 2024 under the Virtual Asset User Protection Act.

Exchanges are now required to segregate customer assets, appoint external custodians, and hold insurance to protect users.

Market manipulation, wash trading, and unfair practices are under heavy scrutiny.

The Financial Services Commission (FSC) is gaining more control over virtual asset supervision.

📈 Why It Matters:

South Korea is one of the most active crypto markets in the world.

These moves aim to legitimize crypto, attract institutional money, and protect retail investors.

Could this become the model policy for other Asian nations?

⚠️ For Binance Traders:

Keep an eye on coin listings/delistings in Korea.

Expect more clarity, but also tighter compliance requirements.