#SouthKoreaCryptoPolicy

South Korea has taken cryptocurrencies seriously, with a clear system in place to protect investors and regulate the market. Here are the main things you need to know:

- They have a new law regulating trading platforms, requiring strict conditions from them.

- They do not allow trading without identification; every account must be linked to your real name.

- A 20% tax will be applied to 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 leveraged trading to prevent people from losing their money quickly.

- They have specific requirements for stablecoins; not just any one is accepted.

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

The final advice: If you trade with them, use only accredited platforms with official licenses to ensure your rights.