#SouthKoreaCryptoPolicy

Cryptocurrencies are not considered legal money in South Korea, and exchange platforms, although legal, are governed by a strict regulatory framework. In South Korea, the taxation of cryptocurrencies is an ambiguous area: since transactions with cryptocurrencies are neither cash nor financial assets, they are currently tax-exempt. The Ministry of Strategy and Finance, on the other hand, has stated that it is considering imposing a tax on the profits from cryptocurrency transactions and plans to publish a tax framework in 2022.