South Korea's policy towards cryptocurrencies is evolving rapidly. The Korean government has established strict regulations concerning the licensing of trading platforms such as Upbit and Bithumb to ensure transparency and combat money laundering. The state has also imposed tax laws on profits exceeding certain thresholds. These policies aim to protect investors and enhance trust in the market. However, some believe they may stifle innovation. South Korea is considered one of the leading countries in adopting blockchain, especially in areas such as gaming and NFTs. It is notable that trading of the KLAY/USDT pair on Korean exchanges is witnessing high trading volume due to government support for local projects.