#SouthKoreaCryptoPolicy South Korea's cryptocurrency policy is becoming increasingly stringent to enhance control and protect investors. The South Korean government requires exchanges to register and comply with anti-money laundering (AML) and know your customer (KYC) regulations. Additionally, cryptocurrency transactions are also taxed, with income tax on profits from cryptocurrencies expected to apply starting in 2025. Despite strict regulations, South Korea still encourages blockchain technology innovation and considers it an important factor in the future digital economy.