South Korea’s Crypto Policy: A Step Toward Regulatory Maturity
South Korea is making major strides in shaping a balanced crypto regulatory framework. Recent developments under the Virtual Asset User Protection Act, set to take effect in July 2024, aim to enhance investor protection while fostering innovation. Exchanges will now face stricter security and reserve requirements, and unfair trading practices like wash trading and price manipulation will be penalized.
These changes signal a maturing market that values transparency and trust—critical for attracting institutional investors. As South Korea continues positioning itself as a global crypto hub, traders and projects should stay updated on compliance requirements.