#SouthKoreaCryptoPolicy #SouthKoreaCryptoPolicy
đ°đ· Key Policies & Timeline
1. RealâName Accounts & Exchange Oversight
Since March 2021, all virtual asset service providers (VASPs or crypto exchanges) must register with the Financial Services Commission (FSC), attach to local banks for real-name accounts, and comply with KYC/AML rules .
A national 24/7 monitoring system tracks trading behavior for manipulation and illicit activity .
2. UserâProtection Regulations
The Virtual Asset User Protection Act came into effect in July 2024, framing asset issuer and exchange obligations around custody, transparency, and antiâpredatory safeguards .