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Domitila Kolee xyPJ

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Yes

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$BTC ICP now moving on it own without following BTC movement I hope ICP can perform well in the week

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#SouthKoreaCryptoPolicy #SouthKoreaCryptoPolicy South Korea's Crypto Policy Quick Background - Crypto’s Legal (Kind of): South Korea doesn’t ban crypto trading, but it doesn’t treat crypto as legal tender either. It’s more like a digital asset. Real-Name System: To stop money laundering, traders must use real-name bank accounts linked to their crypto exchange. Anonymous trading? Nope. Exchanges Need Licenses: All crypto exchanges must register with the Financial Intelligence Unit and follow strict rules. Only a few big ones have full approval. Tough on Privacy Coins: Coins like Monero and Zcash are banned on many platforms due to their anonymous nature. Heavy Tax Talk: A heavy tax on crypto gains over was planned, but it's been delayed a few times. Still under debate! Strict Security: Exchanges must follow strong cybersecurity measures. Hacks in the past pushed the government to act fast. NFTs & Metaverse? Still figuring that out. NFTs aren’t fully regulated yet, but discussions are ongoing. Pro-Innovation, But Cautious: South Korea wants to support blockchain tech, but they're careful about risks like fraud and speculation.

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