1. South Korea's Regulatory Framework
- Virtual Asset User Protection Act — Took effect in 2024
- Act on Reporting and Using Specified Financial Transaction Information — Requires VASP registration
- Anti-money laundering (AML) — Includes application of the Travel Rule
2. Main Regulatory Provisions
📊 Key Points in the Guide
Exchanges: VASP registration with the Financial Services Commission is required
Taxation: The guide lists 22% on gains after a KRW 2.5 million deduction
Travel Rule: Sender and recipient information is required for transfers of KRW 1 million or more
Listing review: Exchanges strengthen their own listing standards
3. Investor Protection
- Mandatory separate custody of customer and exchange assets
- Required monitoring systems for unusual trading
- Compensation liability when incidents occur
4. AI Trading and Regulation
The guide states that NOONOO TRADING operates in compliance with regulation. Trading records are managed automatically and can be used when preparing tax filings.