#SouthKoreaCryptoPolicy South Korea is transitioning from strict restrictions to cautiously embracing cryptocurrency. The Virtual Asset User Protection Act (July 2024) mandates robust investor protection—80% of user assets must be securely stored, anti-money laundering measures, and a transparent exchange listing. By mid-2025, organizations (non-profits, universities, charities) may trade cryptocurrencies, with pilot projects for 3,500 real-name business accounts. The phase two legal framework will launch by the end of 2025, which will include institutional investors, stablecoins, trading/brokerage standards, and spot ETF guidance. Regulators also aim to abolish the one exchange - one bank rule and align with global regulatory standards.