#SouthKoreaCryptoPolicy 🇰🇷 South Korea Tightens Control Over the Crypto Market

South Korea continues to tighten regulations on cryptocurrencies. Authorities are focusing on transparency and investor protection after a series of high-profile scams and project failures, including the Terra (LUNA) case.

⚖️ Key Points:

• Starting in 2025, a 20% tax on profits from cryptocurrencies will be implemented for income exceeding 2.5 million won ($1,900) per year.

• Exchanges are required to comply with strict KYC (Know Your Customer) requirements and to provide transaction data.

• Conditions are being created for the legalization of tokenized securities and regulation of stablecoins.

🎯 The goal is not a ban, but the integration of crypto into the financial system with the protection of user rights.

However, strict measures are causing controversy: startups and DeFi projects fear that regulation will “stifle” innovation.

💬 South Korea is one of the most technologically advanced markets, and its model could serve as an example for other countries in Asia.