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South Korea Implements Stricter Crypto Regulations for Exchanges and Nonprofits
South Korea Implements Stricter Crypto Regulations for Exchanges and Nonprofits
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South Korea is tightening its regulatory framework for digital assets, with new rules set to take effect in June. The measures target cryptocurrency exchanges and nonprofit organizations, signaling a cautious approach before broader institutional participation in the crypto market.
The move reflects growing global scrutiny of digital asset platforms, though the announcement notably avoids mention of specific coins or trading venues. Market participants anticipate these changes could reshape operational standards for Korean crypto businesses.
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