#SouthKoreaCryptoPolicy South Korea is one of the most active countries in the field of cryptocurrencies, and its policies significantly impact the global market. In 2023, the country implemented stricter KYC (know your customer) rules for cryptocurrency exchanges, requiring users to undergo full verification. The government also plans to introduce a tax on profits from digital assets — 20% on profits exceeding 2.5 million won. Regulators aim to increase transparency and prevent money laundering, but this may also reduce interest from small investors. In 2024, the establishment of a state monitoring body to oversee cryptocurrency platforms is planned. This indicates South Korea's intentions to integrate cryptocurrencies into a legal financial environment while maintaining strict control over risks.
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