#SouthKoreaCryptoPolicy

🇰🇷 South Korea strengthens control over the cryptocurrency market

South Korea continues to tighten cryptocurrency regulation. Authorities are focusing on transparency and investor protection after a series of high-profile scams and project failures, including the Terra (LUNA) case.

⚖️ What is important:

• Starting from 2025, a tax on profits from cryptocurrencies will be introduced — 20% on income over 2.5 million won ($1,900) per year.

• Exchanges are required to comply with strict KYC (Know Your Customer) requirements and data transfer on transactions.

• Conditions are being created for the legalization of tokenized securities and the regulation of stablecoins.

🎯 The goal is not prohibition, but integration of cryptocurrency into the financial system with protection of user rights.

However, strict measures also provoke disputes: startups and DeFi projects fear that regulation will “stifle” innovation.

💬 South Korea is one of the most technologically advanced markets, and its model may serve as an example for other countries in Asia.