#SouthKoreaCryptoPolicy 1. 📜 Expanded Regulatory Framework (H2 2025)
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2. Cross‑Border Reporting & Monitoring
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3. Investor Protection & Market Integrity
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4. Institutional & Corporate Access
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5. Tax Policy & Timeline
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6. Crackdown on Unregistered Exchanges
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7. Wallet Reporting Proposal (Inheritance Tax)
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🔍 Summary Table
Focus AreaCurrent StatusRegulations & ReportingNew laws coming H2 2025 for cross-border reporting & transparencyInvestor ProtectionVAUPA active since July 2024; mandates cold storage, insurance, AML/KYCInstitutional AccessPilot for corporate & institutional crypto trading underway in 2025Taxation20 % gains tax delayed—likely to start in 2027 or 2028 with high exemption limitUnregistered ExchangesFIU is cracking down; sanctions & access blocks expectedWallet ReportingProposed bill in debate; not yet law
✅ What This Means for You
✅ If you’re using local, registered exchanges (e.g. Upbit, Bithumb), you’re compliant under current rules, but HVAs, cold storage, and real-name accounts are mandatory.
⚠️ Foreign exchanges are risky—access may be blocked and operations could be considered illegal.
📊 Retail investors benefit from the delay and potential high exemption, but prepare for future tax compliance in 2027–2028.
🏢 Institutional players can expect more secure and regulated access via pilot programs and upcoming FSC guidelines.
🔍 Inheritance tax tools like wallet reporting may arrive—monitor developments if planning estate transfers.
⚡ Bottom line: South Korea is accelerating a comprehensive, phased approach—balancing innovation, investor safety, AML/CFT, and tax fairness. Over the next 6–18 months, expect rollout of cross-border monitoring, institutional access frameworks, and definitive crypto taxation.
Let me know if you'd like deep dives into any part—like tax calculations, how to ensure wallet security, or tracking pilot program updates!
