#SouthKoreaCryptoPolicy **#SouthKoreaCryptoPolicy –

south Korea has strict but evolving crypto regulations:

1. **Real-Name Trading**

All exchanges must partner with banks for verified KRW accounts (no anonymous trading).

2. **Travel Rule**

Transactions >1M KRW (~$750) require ID verification to combat money laundering.

3. **Exchange Licensing**

Only compliant platforms (e.g., Upbit, Bithumb) operate legally—foreign exchanges like Binance restrict Korean users.

4. **Tax Rules**

- 20% tax on crypto gains >2.5M KRW (~$1,900) *postponed to 2025*.

- No VAT on crypto trades.

5. **ICO Ban**

Initial Coin Offerings remain prohibited since 2017.

**Future Focus:** Stronger investor protection and clearer NFT/DeFi guidelines.

(Laws change fast—check updates!)*