#SouthKoreaCryptoPolicy

South Korea's cryptocurrency policy has been evolving, with a focus on regulating the industry while fostering innovation. Here are some key aspects:

- *Regulatory Framework*: The Financial Services Commission (FSC) oversees the cryptocurrency market, enforcing strict regulations to prevent money laundering and ensure investor protection.

- *Know Your Customer (KYC) and Anti-Money Laundering (AML)*: Exchanges are required to implement KYC and AML measures to prevent illicit activities.

- *Token Listing Criteria*: The FSC has introduced token listing criteria, targeting "zombie tokens" and memecoins, and requiring tokens to be listed on at least three major domestic exchanges for donation purposes.

- *Crypto Taxes*: Currently, cryptocurrency gains are not taxed in South Korea, but a 20% tax is expected to be imposed on gains above 2.5 million won starting from 2028.

- *Institutional Investment*: The market is expected to open to institutional investors soon, with stricter regulations in place for crypto exchanges ¹ ² ³.

As for a coin pair, let's look at *BTC/USDT* (Bitcoin/Tether). This pair shows the price of Bitcoin in terms of USDT, a stablecoin pegged to the US dollar. Would you like to know more about South Korea's crypto policies or the BTC/USDT pair?