#SouthKoreaCryptoPolicy #SouthKoreaCryptoPolicy

South Korea has taken cryptocurrencies seriously, they have a clear system that protects investors and regulates the market. Here are the most important things you need to know:

- They have a new law that regulates trading platforms and requires them to meet strict conditions.

- They do not allow trading without identity; every account must be linked to your real name.

- A 20% tax on profits will be implemented starting next year.

- There is a tax exemption if your profits are less than about two thousand dollars annually.

- They have strict rules to protect people from scams and fraud.

- They restrict trading with leverage to prevent people from losing their money quickly.