Crypto Regulations in South Korea 2025
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South Korea is one of the leading crypto hubs with a proactive approach to digital assets. It is actively involved in creating a structured, innovative, and robust regulatory framework for the crypto industry. In 2025, the nation will continue to prioritize transparency and security in its digital economy by tightening the existing rules.
Table of contents- Major crypto regulations in South Korea 2025
- What is the South Korean government saying about crypto?
- Licensing/ Registration
- Crypto tax in South Korea
- Crypto adoption rate in South Korea
- Conclusion
- FAQs
July 29, 2025 – South Korea’s Central Bank (BoK) Launches “Cryptoassets Department”
- The Bank of Korea is forming a virtual asset committee to monitor the country’s growing crypto market and support legislative developments around stablecoins.
- The new team will be responsible for monitoring the digital asset market and holding discussions on crypto-specific legislation.
July 9, 2025 – NTS Expands Crypto Tax Net
The National Tax Service (NTS) of South Korea clarified that residents must report comprehensive income tax on virtual assets received from foreign corporations as income.
June 10, 2025- General Act on Digital Assets (the “Bill”)
- South Korea’s ruling Democratic Party proposed its legislation on stablecoins and all other digital assets, setting out “bankruptcy remoteness” rules for stablecoin reserves.
- Introduced by Representative Byung-deok Min of the Democratic Party of Korea, the bill aims to establish a comprehensive legislative framework governing digital assets.
- It includes requirements for businesses to conduct crypto services, prescribes procedures for the issuance and circulation of digital assets, imposes disclosure obligations, and prohibits unfair trading practices.
June 1, 2025- Donation Monetization
- During a virtual asset committee meeting, the financial service commission allowed nonprofits with more than 5 years of experience in operation and verified by external audits to sell donated digital assets.
- This also includes a 10% daily sales cap and prohibition of selling through the exchange’s own platform.
- Now, virtual asset exchanges can liquidate user fees into crypto, this approach makes the crypto operation more flexible. Nonprofits are required to form an internal review committee to evaluate the suitability of the donation and ensure transparency.
May 20, 2025- Stricter KYC and AML compliance
- FSC finalizes new and stricter anti-money laundering compliance in crypto trading, mandating public companies and professional investors to adhere to AML obligations while trading.
- Banks are required to follow Know Your Customer (KYC) procedures; these stringent regulations aim to provide a secure and stable space for crypto.
May 20, 2025– FSC finalized new crypto regulations
- FSC finalized new crypto regulations, impacting non-profits, exchanges, and certain tokens. It also categorizes certain tokens as risky and limits their operation.
- Under the new regulation, nonprofits are restricted from selling crypto assets unless listed on major exchanges.
March 26, 2025- Blocking unauthorized crypto platforms
- The FIU stated that it is working with Apple to block unauthorized crypto platforms. In addition, Google Play removed 17 unlicensed trading platform apps in South Korea.
March 5, 2025- Reconsidering Bitcoin ETF ban
- Noting Japan’s evolving regulatory approach as a potential model for crypto, the FSC reconsidered legal pathways to allow Bitcoin ETFs.
February 2025– FSC announcement about crypto adoption and licensing
- The Financial Services Commission (FSC) has allowed non-profit organizations, such as charities and universities, to open real-name verified accounts on cryptocurrency exchanges. Crypto trades in South Korea must be tied to a real account name bank account to improve accountability.
- For the first time in history, a pilot program was introduced to allow 3500 corporations and professional investors to trade on digital platforms. It will be in force in the third quarter of 2025.
January 1, 2025 to January 1, 2027- Tax delay
- A 20% crypto tax was introduced by the lawmakers, which was once again pushed, this time to 2027.
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