#SouthKoreaCryptoPolicy South Korea’s Crypto Policy: A New Era of Regulation & Growth

South Korea is leading Asia with one of the most advanced crypto regulatory frameworks—aiming to balance innovation with investor protection.

Starting July 2024, the Virtual Asset User Protection Act will take effect, requiring exchanges to:

Store at least 80% of assets in cold wallets

Maintain insurance against hacks

Monitor for market manipulation

Separate user and company funds