South Korea is adopting a more favorable approach towards cryptocurrencies, driven by its large digital asset market. Here are some key points about cryptocurrency policy in South Korea ¹ ²:

- *Regulations*: The South Korean government has implemented strict regulations to protect investors and prevent financial crimes. The Virtual Asset User Protection Act, in effect since July 2024, imposes strict requirements on cryptocurrency exchanges, including the segregation of user deposits and measures to address liabilities after hacks or system failures.

- *Anonymous accounts*: The anonymous trading of cryptocurrencies has been banned in the country. Cryptocurrency accounts must match the names of the associated bank accounts to prevent money laundering and other crimes.

- *Taxes*: The government has postponed the cryptocurrency capital gains tax until 2027, which has added stability to the