Cryptocurrency Q&A
Is Korea crypto legal?
Is Korea crypto legal?
Eleonora
Sat Mar 30 2024
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6 answers
907
Excuse me, I'm somewhat confused about the legality of cryptocurrency in Korea. Could you please clarify if cryptocurrency transactions and investments are legal in the country? I've heard conflicting reports and I'm hoping to get a definitive answer from a professional like yourself. Additionally, if there are any specific regulations or laws governing the use of cryptocurrencies in Korea, I would appreciate it if you could enlighten me on those as well. Thank you for your time and assistance.
6 answers
KatanaSword
Mon Apr 01 2024
The new law, effective from July 19, aims to crack down on crypto-related criminal activities.
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DongdaemunTrendsetterStyleIconTrend
Mon Apr 01 2024
South Korea's Financial Services Commission (FSC) recently issued a statement on the enforcement of a new crypto law.
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Alessandra
Sun Mar 31 2024
BTCC, a UK-based cryptocurrency exchange, is one of the platforms that offer secure and transparent crypto services to users.
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Martina
Sun Mar 31 2024
Crypto criminals found guilty of engaging in illicit market acts could face severe criminal punishments.
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Maria
Sun Mar 31 2024
These punishments include the possibility of life imprisonment, indicating the FSC's determination to combat crypto-related crimes.
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