This country only receives a moderate score on our filters because of some of the laws they have regarding cryptocurrencies. For the most part, users are free to use digital currencies for the exchange of goods and services without worry. While the government is monitoring these transactions, they really only care about purchases made using illicit goods, and if you stay clear of this area then you will be safe.

The demand for crypto in the country is huge. So huge in fact that many coin or token holders rejoice if they find out their asset will be listed on a major Korean exchange because it undoubtedly means more trading volume. While the population of the country is not enormous, their interest in this space certainly is.

It's estimated that Korean contribute to some 30% of the overall crypto market, a huge percentage. That's why it seems that their government is starting to sweat a bit when it comes to South Korea cryptocurrency regulation. Thanks to some bad press due to some unsavory exchanges, it seems they will be working on a pretty serious crackdown here.

This includes exchanges and token sales, and these regulations could negatively impact the number of blockchain companies that want to exist within their borders. They have also banned any investment funds from dealing in Bitcoin or other cryptocurrencies. A huge blow to a potentially huge market.