$BTC 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) regulations and customer identity verification (KYC). Additionally, cryptocurrency transactions are also subject to taxation, with income tax on profits from cryptocurrency expected to be implemented starting in 2025. Despite strict regulations, South Korea still encourages blockchain technology innovation and sees this as a crucial factor in the future digital economy.