#NasdaqETFUpdate

South Korea announces: No place for chaos in the crypto world! 🇰🇷💸

If you intend to trade in South Korea, be prepared to comply... the new laws leave no room for nonsense. Trading platforms are required to link every account to a real name, which means goodbye to anonymous accounts.

💼 Starting next year, a 20% tax will be imposed on cryptocurrency profits, with an exemption for those whose profits do not exceed $1,000 annually.

🔐 To protect users from fraud, the government has established strict rules that include auditing stablecoins and not accepting any currency without clear conditions. Even leveraged trading has been restricted to protect people from rapid losses.

👮‍♂️ Korea is not fighting crypto, but regulating it wisely... and it is now working on issuing an official digital currency for the central bank, to be at the forefront of global financial innovation.