#SouthKoreaCryptoPolicy South Korea Strengthens Control Over the Crypto Market

South Korea continues to tighten cryptocurrency regulations. Authorities are focusing on transparency and investor protection following a series of high-profile scams and project collapses, including the Terra (LUNA) case.

⚖️ What is important:

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

• Exchanges are required to comply with strict KYC (Know Your Customer) requirements and to provide transaction data.

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