BTC $66,381.00 (-1.08%)
ETH $1,924.05 (-2.41%)
XRP $1.40 (-4.10%)
BNB $600.55 (-2.41%)
SOL $80.54 (-2.01%)
TRX $0.28 (+1.12%)
DOGE $0.10 (-2.72%)
BCH $553.23 (-1.52%)
ADA $0.27 (-3.56%)
LEO $8.69 (+1.95%)
HYPE $28.39 (-1.25%)
XMR $326.50 (-2.89%)
LINK $8.44 (-3.12%)
CC $0.16 (-7.02%)
XLM $0.16 (-3.42%)
RAIN $0.01 (-1.25%)
ZEC $259.48 (-6.53%)
HBAR $0.10 (-3.68%)
LTC $52.09 (-3.43%)
AVAX $8.81 (-2.26%)

South Korea vs Peru

Crypto regulation comparison

← Back to map | South Korea | Peru
South Korea

South Korea

Peru

Peru

Legal
Legal

South Korea is one of the world's largest crypto markets. The Virtual Asset Users Protection Act (VAUPA), effective July 2024, provides comprehensive investor protection including requirements for exchanges to hold user assets in cold storage and carry insurance. All VASPs must register with FIU and comply with strict AML rules under the Specific Financial Information Act. A 20% crypto gains tax (above KRW 2.5 million exemption, raised from the original 250K KRW threshold) has been deferred multiple times and is now scheduled for January 2027.

Cryptocurrency is legal in Peru but lacks comprehensive regulation. The SBS (Superintendencia de Banca, Seguros y AFP) oversees AML requirements. Peru has growing crypto adoption, particularly for remittances. Crypto gains are subject to capital gains tax at 5% for the first 5 UIT and at higher rates for larger amounts.

Tax Type Varies
Tax Type Capital gains
Tax Rate 20%
Tax Rate 5-30%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator FSC (Financial Services Commission), FSS, FIU (Korea Financial Intelligence Unit)
Regulator SBS, SMV, BCRP (Central Reserve Bank of Peru)
Stablecoin Rules Under development; stablecoins subject to VASP rules
Stablecoin Rules No specific stablecoin regulation
Key Points
  • Virtual Asset Users Protection Act (VAUPA) effective July 2024 — major investor protection law
  • VASPs must register with FIU and partner with real-name verified bank accounts
  • 20% national tax (22% effective incl. 2% local income surtax) above KRW 2.5M annual exemption (deferred to January 2027)
  • Exchanges must hold 80%+ of user assets in cold wallets and carry insurance/reserves
  • Only won-denominated trading pairs allowed on major exchanges (Upbit, Bithumb, Coinone, Korbit)
Key Points
  • No specific crypto legislation; general financial laws apply
  • Capital gains tax applies to crypto profits (5% for securities, up to 30% for other income)
  • SBS requires AML/KYC compliance for entities dealing in crypto
  • Growing crypto adoption for remittances and as a store of value
  • BCRP has warned about crypto risks but not imposed a ban
Sources
Sources