#SouthKoreaCryptoPolicy 🇰🇷Cryptocurrencies are not considered legal money in South Korea, and exchange platforms, while legal, are governed by a strict regulatory framework. In South Korea, the taxation of cryptocurrencies is a gray area: since cryptocurrency transactions are neither cash nor financial assets, they are currently exempt from taxes. There is a precedent that South Korea's activity drives the price movements of XRP: the cryptocurrency linked to Ripple is popular in the country.