South Korea has taken cryptocurrencies seriously; they have a clear system to protect investors and regulate the market. Here are the main things you need to know:

- They have a new law governing trading platforms that requires strict conditions.

- They do not allow trading without identification; every account must be linked to your real name.

- A 20% tax on profits will be applied starting next year.

- There is a tax exemption if your profits are less than about two thousand dollars annually.

- They have strict rules to protect people from fraud and scams.

- They restrict trading with leverage to prevent people from losing their money quickly.

- They have special conditions for stablecoins; they do not accept any unit.