#SouthKoreaCryptoPolicy
South Korea has shifted from strict crypto oversight to a structured regulatory approach. The Virtual Asset User Protection Act (effective July 2024) requires Virtual Asset Service Providers (VASPs) to register with financial authorities, use real-name bank accounts, store at least 80% of users’ assets in cold wallets, hold insurance, and monitor for market abuse. In 2025, institutional access to crypto is expanding: non-profits and public agencies can invest in H1, followed by listed companies by year-end. The government also plans to allow spot crypto ETFs and flexible banking services. Unregistered foreign exchanges are being actively blocked to ensure compliance.
South Korea has shifted from strict crypto oversight to a structured regulatory approach. The Virtual Asset User Protection Act (effective July 2024) requires Virtual Asset Service Providers (VASPs) to register with financial authorities, use real-name bank accounts, store at least 80% of users’ assets in cold wallets, hold insurance, and monitor for market abuse. In 2025, institutional access to crypto is expanding: non-profits and public agencies can invest in H1, followed by listed companies by year-end. The government also plans to allow spot crypto ETFs and flexible banking services. Unregistered foreign exchanges are being actively blocked to ensure compliance.