#SouthKoreaCryptoPolicy South Korea is one of the most advanced countries in the world in terms of digitalization, and cryptocurrency is no exception here. 🇰🇷 However, along with the active development of the industry comes serious regulation. The authorities of the country are tightening control over exchanges, introducing requirements for identity verification, taxation, and combating money laundering.

Starting in 2025, South Korea plans to implement full taxation on profits from cryptocurrencies, as well as increase the transparency of all operations. This affects both local investors and the global market.

On one hand, this limits anonymity. On the other hand, it brings closer mass adoption of cryptocurrency at an institutional level.