Policy Reference

South Korea

Explore South Korea’s crypto laws, including exchange rules, taxes, AML compliance, investor protections, and digital asset regulation.

Financial Services Commission (FSC)
Status
Topic
Law Type
Asset Class

Law database

2 law profiles

Law / Bill
Draft Intro Committee Passed Enacted Effective
South Korea VASP AML Registration Regime Act No. 17113; current Act No. 19563; 2026 amendment No. 21358 Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

Act on Reporting and Using Specified Financial Transaction Information

South Korea’s AML/CFT statute requires VASPs to report/register with KoFIU, meet ISMS and real-name account conditions where applicable, and comply with CDD, STR and travel-rule duties.

Last action: Feb 19, 2026 - Entry-rule amendment promulgated

Next: Aug 20, 2026 - Entry-rule amendment takes effect

Profile English statute text: Specified Financial Transaction Information Act Milestone source
South Korea Act on the Protection of Virtual Asset Users Act No. 19563; amended by Act No. 20372 Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

Act on the Protection of Virtual Asset Users

South Korea’s statute requiring VASPs to segregate deposits and assets, hold reserves or insurance, retain records, monitor abnormal transactions, and avoid unfair trading.

Last action: Jan 1, 2025 - Addenda cross-reference effective

Profile Current Korean statute text

Information is for general purposes only and not legal advice. See full disclaimer.