South Korea Tightens Crypto Rules as New Policies Roll Out
South Korea is implementing stricter cryptocurrency regulations to enhance market safety and transparency. Starting June 2025, non-profits will be permitted to sell donated cryptocurrencies, while exchanges can convert user fees paid in crypto. The Financial Services Commission (FSC) is intensifying anti-money laundering efforts through rigorous KYC enforcement.
Exchanges and banks must upgrade identity verification and AML controls ahead of next month’s institutional ban lift. These measures reflect a broader trend of regulatory maturation in the crypto sector, balancing innovation with risk mitigation.