South Korea is set to introduce legislation this week that will legalize exchange-traded funds (ETFs) related to Bitcoin and allow public companies to purchase Bitcoin. This move is part of a broader effort to advance cryptocurrency adoption in the country. Concurrently, South Korean authorities have implemented stricter anti-money laundering (AML) and know-your-customer (KYC) regulations for the crypto sector. These enhanced requirements aim to prevent money laundering ahead of the planned institutional ban lift scheduled for next month. Additionally, starting June 2025, the Financial Services Commission (FSC) will permit non-profit organizations to sell cryptocurrencies. These organizations will be allowed to liquidate donated crypto assets and collect user fees, although they will be subject to the newly tightened KYC and AML oversight. These regulatory changes reflect South Korea's evolving approach to integrating cryptocurrencies within its financial system while addressing compliance and security concerns.