#SouthKoreaCryptoPolicy

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

- They have a new law that regulates trading platforms and requires strict conditions from them.

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

- A 20% tax will be applied on profits 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 restrict leveraged trading 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 linked to the central bank.

Final advice: If you trade with them, use only licensed and approved platforms to ensure your rights.