#SouthKoreaCryptoPolicy

🇰🇷💹 South Korea's Crypto Policy: Strict but Clear!

South Korea is known as one of the countries with the highest crypto trading volume in the world—but don't be mistaken, its regulations are also among the strictest!

🔍 What You Need to Know?

📜 1. KYC & AML Mandatory

All exchanges must implement identity verification & anti-money laundering (AML) processes. No anonymous trading allowed!

🏦 2. Mandatory Cooperation with Local Banks

Legal exchanges must have partnerships with Korean banks to enable fiat-to-crypto accounts—and account names must match identities.

💼 3. Crypto Tax

The plan for a 20% tax on crypto profits above 2.5 million won/year has been postponed until 2025—but it will still be enforced.

🔐 4. Security Certification

All crypto platforms must have ISMS certification (Information Security Management System) to maintain data security.

⚖️ 5. Strict Law Enforcement

Authorities are actively cracking down on fraud and market manipulation. Fake crypto projects? Get ready to be hunted!

📌 Conclusion:

South Korea is not anti-crypto, but they want a clean, safe, and transparent ecosystem. This country is a great example of how regulation can remain tech-friendly, without neglecting user protection.

👀 Do you think South Korea's approach can be applied in other countries?

Comment below! 👇