Crypto Reform in South Korea Gains Momentum
South Korea, one of the world’s largest cryptocurrency markets, is undergoing significant changes in its regulatory framework.
With sweeping Know Your Customer (KYC) reforms, plans to lift the ban on institutional crypto investments, and legislation on tokenized securities under review, the country is signaling a dramatic policy shift.
Crypto Regulation in South Korea
The South Korean government recently announced enhanced Know Your Customer (KYC) requirements for cryptocurrency exchanges and banks. Previously, South Korea’s Financial Intelligence Unit (FIU) uncovered up to 600,000 potential KYC violations at Upbit exchange.
The latest move aims to prepare for lifting the ban on institutional cryptocurrency…
