#SouthKoreaCryptoPolicy

South Korea is one of the leading countries in adopting digital currencies, but it is also one of the most regulated markets for this sector. The Korean government seeks to achieve a balance between innovation and investor protection, which is why it has begun implementing strict policies on trading platforms regarding registration, identity verification, and tax compliance. In 2024, laws were passed requiring exchanges to report any suspicious transactions, and strict security standards were introduced to protect users' funds. These policies demonstrate that Korea does not oppose digital currencies, but rather aims to regulate them in a way that protects the economy and the citizen.