South Korea Tightens Crypto Rules as New Policies Roll Out

Starting June 2025, South Korea will allow non-profits to sell donated cryptocurrencies and let exchanges convert user fees paid in crypto. At the same time, the Financial Services Commission (FSC) is stepping up efforts to prevent money laundering by enforcing stricter KYC (Know Your Customer) rules. Exchanges and banks must improve their identity checks and anti-money laundering controls ahead of lifting the institutional ban next month. These changes aim to make the crypto market safer and more transparent.