South Korea has a clear regulatory framework for cryptocurrencies under the Specified Financial Information Act and the Virtual Asset User Protection Act, establishing legal guidelines for crypto activities.
| Status | Legal |
| Risk Score | 30/100 (Moderate Risk) |
| Region | asia pacific |
| Currency | KRW |
| VAT on Crypto | Yes |
VAT applies to crypto transactions; other specific tax rates for crypto activities are not explicitly stated.
| Required | Yes |
| Regulator | FSC / FSS / KoFIU |
| Framework | Specified Financial Information Act and Virtual Asset User Protection Act |
| Ease | medium |
| Cost | N/A |
Licensing is mandatory for virtual asset service providers under the specified acts.
Status: regulated
DeFi activities are regulated under the existing crypto regulatory framework.
Status: regulated
Stablecoins are regulated under the Virtual Asset User Protection Act with specific compliance requirements.
Status: no_rules
No specific NFT regulation
| Legal | Yes |
| Electricity | $0.12/kWh |
| Renewable | 15% |
| Infrastructure | excellent |
Mining is legal with moderate electricity costs and good infrastructure; renewable energy share is moderate.
| Stability | stable |
| Sanctions | No |
| Corruption Index | 61/100 |
| Banking Access | open |
Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map
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