#SouthKoreaCryptoPolicy SouthKoreaCryptoPolicy South Korea, formally known as the Republic of Korea, is an East Asian nation. Nearly 52 million people call this nation home, and its currency is the South Korean won. Geographically, Seoul, the country's capital, is in the top part of the country. The country's landscape and its busy capital are two of the many reasons that contribute to South Korea's economy, which also benefits from strong technical advancement. North Korea, also referred to as the Democratic People's Republic of Korea, is adjacent to South Korea. South Korea has strict crypto laws aimed at stopping illicit activity and guaranteeing openness. Bitcoin and other cryptocurrencies are subject to strict anti-money laundering and securities laws that are implemented by the Financial Securities Commission (FSC) of South Korea.