#SouthKoreaCryptoPolicy South Korea enforces rigorous crypto regulation under the Virtual Asset User Protection Act (effective July 19, 2024), mandating KYC/AML for exchanges, 80% cold‑storage of user assets, and strict segregation of funds . A delayed 20 % capital-gains tax on crypto profits over ₩2.5 million will begin in January 2025 . Institutional access is being phased in: charities, universities, and law enforcement may trade in early 2025; corporate investors and 3,500 registered firms gain access in the second half . Regulators are drafting trading and stablecoin guidelines by mid 2025