#SouthKoreaCryptoPolicy
South Korea has a complex and evolving crypto policy.
- *Regulatory framework*: South Korea has implemented regulations to oversee cryptocurrency exchanges, trading, and transactions.
- *Anti-money laundering (AML) and know-your-customer (KYC)*: Crypto exchanges are required to comply with AML and KYC regulations to prevent illicit activities.
- *Taxation*: Cryptocurrency gains are subject to taxation, with plans to implement clearer tax guidelines.
- *Investor protection*: Regulations aim to protect investors from market manipulation, fraud, and other risks.