#SouthKoreaCryptoPolicy South Korea has developed an increasingly strict and regulated crypto policy, especially since 2021, when the government intensified controls over the cryptocurrency market. The Financial Services Commission (FSC) has imposed rules requiring cryptocurrency exchanges to register and collaborate with local banks to implement real-name systems and prevent money laundering.

As of 2023, South Korea has also begun preparing clearer laws on the taxation of profits from cryptocurrencies, with plans to introduce taxes on them. Additionally, the country has shown interest in exploring a central bank digital currency (CBDC), demonstrating a mixed approach between regulatory control and promoting technological innovation.

Despite the restrictions, South Korea remains one of the most active crypto markets in the world, with a young and technologically advanced population driving the adoption of digital assets.