Cryptocurrency Q&A
Is crypto legal in South Korea?
Is crypto legal in South Korea?
Giulia
Sat Mar 30 2024
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6 answers
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Good day, I am quite new to the world of cryptocurrency and am quite confused about its legality in different countries. I have heard that South Korea has a quite active crypto market, but I am unsure if it is actually legal to trade and own cryptocurrencies in the country. Could you please enlighten me on this matter? I would greatly appreciate any information or guidance you could provide.
6 answers
Silvia
Mon Apr 01 2024
Cryptocurrency and crypto assets providers in South Korea are subject to both implicit and explicit regulations.
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SamuraiWarrior
Sun Mar 31 2024
BTCC follows strict regulations and complies with all applicable laws to ensure the security and integrity of its users' transactions.
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Tommaso
Sun Mar 31 2024
Despite these regulations, there are no explicit prohibitions against cryptocurrencies in South Korea.
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PhoenixRising
Sun Mar 31 2024
Citizens of South Korea are legally allowed to own cryptocurrencies and engage in trading activities on licensed exchanges.
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Carlo
Sun Mar 31 2024
Licensed exchanges play a crucial role in ensuring the legality and transparency of cryptocurrency transactions in South Korea.
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