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South Korea Tightens Crypto Rules as New Policies Roll Out

South Korea Tightens Crypto Rules as New Policies Roll Out

Published:
2025-05-21 06:37:32
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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.

|Square

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