#SouthKoreaCryptoPolicy

South Korea is pushing ahead with a comprehensive crypto regulatory framework. The 2024 “Virtual Asset User Protection Act” mandates strict standards for exchanges: real-name accounts, cold wallets, insurance, and AML compliance . In 2025, authorities will permit non‑profits and institutional investors (≈3,500 firms) to access crypto markets NFT-style, enable cross‑border reporting, and discuss stablecoin regulation under central-bank oversight . The one‑exchange‑one‑bank rule will be scrapped to boost competition, and spot‑crypto ETFs are under consideration—signaling a shift toward innovation balanced with investor safety .