#SouthKoreaCryptoPolicy

🇰🇷 South Korea Crypto Rules – Made Simple

🔐 Tough Rules for Exchanges: Crypto apps must get government approval and keep most user money in safe offline storage.

🛡️ Protecting Users: A new law (starting July 2024) says companies must keep your crypto separate and have insurance.

💰 Crypto Tax: If you make over ₩5 million (about $4,000) from crypto, you’ll pay 20% tax – but this rule is delayed until at least 2025.

🏢 Big Companies Can Join Soon: In 2025, trusted businesses and public groups (like schools or charities) will be allowed to buy and use crypto.

🌍 Cross-Border Rules: From late 2025, crypto companies must report who’s sending and getting money to stop crime.

🪙 Digital Korean Won Test: The government is testing a digital version of Korean money with 100,000 people in 2025.

⚠️ Stopping Rule Breakers: Unapproved foreign apps are banned, and people who don’t pay taxes can lose their crypto.

📈 What’s Coming: Easier rules are being planned for businesses, crypto ETFs, stablecoins, and tokenized investments.