#SouthKoreaCryptoPolicy South Korea Strengthens Control Over the Crypto Market

South Korea continues to tighten regulation of cryptocurrencies. Authorities are betting on transparency and investor protection after a series of high-profile scams and project collapses, including the Terra (LUNA) case.

⚖️ What is important:

• Starting in 2025, a tax on cryptocurrency income will be introduced — 20% on income exceeding 2.5 million won ($1,900) per year.

• Exchanges are required to adhere to strict KYC (Know Your Customer) requirements and to share transaction data.

• Conditions are being created for the legalization of tokenized securities and regulation of stablecoins.

🎯 The goal is not prohibition, but the integration of crypto into the financial system with user rights protection.