#SouthKoreaCryptoPolicy Quick information about South Korea's cryptocurrency policy -

Legality of cryptocurrency: South Korea does not prohibit cryptocurrency trading, but it does not recognize cryptocurrency as legal tender. It is more akin to a digital asset.

Real name system: To prevent money laundering, traders must use real-name bank accounts linked to their cryptocurrency exchanges. Anonymous trading? No.

Exchanges need licenses: All cryptocurrency exchanges must register with the Financial Intelligence Unit and comply with strict regulations. Only a few major exchanges have.