#SouthKoreaCryptoPolicy

South Korea Crypto Policy

South Korea has one of the most active crypto markets in the world, and its government has taken a firm but evolving stance on regulation. The country requires all crypto exchanges to register with the Financial Intelligence Unit (FIU) and follow strict Know Your Customer (KYC) and Anti-Money Laundering (AML) rules. Anonymous trading is banned, and users must link their exchange accounts to verified bank accounts. In 2023, new tax regulations were introduced, though full enforcement has been delayed. South Korea is also working on laws to better protect investors and ensure transparency in the market. While the approach is strict, the goal is to support innovation while reducing fraud, scams, and market manipulation.