#SouthKoreaCryptoPolicy #SouthKoreaCryptoPolicy

South Korea has taken cryptocurrencies seriously, they have a clear system that protects investors and regulates the market. Here are the main things you need to know:

- They have a new law regulating trading platforms and require strict conditions from them.

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

- A 20% tax on profits will be implemented 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 specific conditions for stablecoins; they do not accept any coin.

- They are currently working on their official digital currency from the central bank.

Final advice: If you trade with them, use only approved platforms that have a formal license to ensure your rights.