#SouthKoreaCryptoPolicy

The most important things you need to know:

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

- They do not accept 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 around two thousand dollars annually.

- They have strict rules to protect people from fraud and scams.

- They limit trading with leverage to prevent people from losing their money quickly.

- They have specific conditions for stablecoins; they do not accept just any one.

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

The final advice: If you are trading with them, only use approved platforms that have an official license to ensure your rights.