#SouthKoreaCryptoPolicy South Korea has adopted a cautious yet progressive approach to cryptocurrency regulation. Initially strict, with bans on ICOs and anonymous trading, the policy has evolved to favor innovation while mitigating risks. The Financial Services Commission (FSC) and the Financial Intelligence Unit (FIU) are the main entities. Cryptocurrency exchanges are subject to strict KYC/AML regulations and must obtain operational licenses. A tax system on cryptocurrency gains is in effect. The government is actively exploring blockchain technology and CBDCs, showing an increasing interest in integrating cryptocurrencies into the digital economy, although with a focus on investor protection and financial stability.

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