<h2 id="span-style-font-size-19px-color-inherit-font-weight-bolder-south-korea-imposes-interest-mandate-on-digital-asset-deposits-span-br">South Korea Imposes Interest Mandate on Digital Asset Deposits </h2>
South Korea's Financial Services Commission mandates interest on digital asset deposits by July 2024, excluding <a href="https://www.coingabbar.com/en/crypto-currency-news/nfts-the-future-of-art-and-digital-ownership-or-a-passing-fad" class="f-link" rel="noopener noreferrer nofollow">NFTs</a> and CBDCs. However, exceptions exist for NFTs functioning as a payment method.&nbsp;
The regulator specifies user deposit handling, requiring separation and cold wallet storage. The guidance emphasises preparation for hacks, urging insurance or reserve accumulation. South Korea strengthens <a href="https://www.coingabbar.com/en/crypto-currency-news/crypto-policies-were-discussed-in-gop-debate" class="f-link" rel="noopener noreferrer nofollow">crypto</a> regulations amid recent initiatives against unlicensed exchanges.

South Korea Sets Deadline for Interest on Crypto Deposits by 2024

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