South Korea imposes new legal requirements on cryptocurrency exchanges from September. Crypto exchanges will be required to maintain a minimum reserve of 3 billion won ($2.3 million) in their bank accounts. This move is aimed at increasing consumer protection in the rapidly growing crypto industry. The country's leading crypto exchanges are making an effort to align with the new guidelines. The "Virtual Asset Real Name Account Operating Guidelines" released in July require exchanges to hold reserves of at least 30% of their average daily deposits. This step aims to ensure that exchanges are prepared for possible risks. Regulations in South Korea reflect the goal of protecting crypto investors and promoting transparency in the industry. The country's legislators have passed comprehensive legislation in which institutions such as the Financial Services Commission and the Bank of Korea have the power to make crypto-related regulations. With these measures, South Korea aims to protect the interests of investors and market participants.