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29 years old and already $200,000 in debt... Either get rich or have no future - Undercover KoreaSouth Korea has stringent crypto regulations focused on preventing illegal activities and ensuring transparency. Cryptocurrencies like Bitcoin (BTC) are. Starting in January , the South Korean government sought to regulate cryptocurrency trading by restricting trading only from real-name back accounts. Learn about the current state of cryptocurrency regulations in South Korea, including the government's stance and laws affecting the cryptocurrency market.