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

- They have a new law governing trading platforms that requires strict conditions

- They do not accept trading without identity; every account must be linked to your real name

- They will impose a 20% tax on profits starting next year

- There is a tax exemption if your profits are less than about two thousand dollars

annually

- They have strict rules to protect people from fraud and scams

- They restrict trading with leverage to prevent people from losing

money quickly

- They have special conditions for stablecoins; they do not accept any

- They are currently working on their official digital currency issued by the central

bank

Final advice: If you are trading with them, only use

approved platforms that have an official license to protect

your rights.