Vavada Banner
BTC $68,696.00 (-1.12%)
ETH $2,097.84 (-1.64%)
BNB $604.67 (+0.05%)
XRP $1.31 (-2.27%)
SOL $79.95 (-1.99%)
TRX $0.31 (-0.73%)
DOGE $0.09 (-0.12%)
LEO $10.12 (+0.07%)
ADA $0.24 (-3.35%)
HYPE $36.49 (-1.21%)
BCH $434.59 (-0.67%)
LINK $8.66 (-3.60%)
XMR $327.16 (+0.05%)
CC $0.14 (-0.73%)
XLM $0.16 (-2.11%)
M $2.59 (-1.81%)
ZEC $272.00 (+6.30%)
LTC $53.74 (-0.47%)
HBAR $0.09 (-1.92%)
AVAX $8.62 (-7.51%)

South Korea vs Rwanda

Crypto regulation comparison

← Back to map | South Korea | Rwanda
South Korea

South Korea

Rwanda

Rwanda

Legal
Restricted

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.

Rwanda is developing a comprehensive crypto regulatory framework. The NBR and Capital Markets Authority are drafting a law requiring VASPs to obtain CMA licenses. The draft law prohibits crypto as legal tender, bans mining and crypto ATMs, and imposes fines up to 30M RWF and imprisonment for unlicensed operators.

Tax Type Varies
Tax Type None
Tax Rate 20%
Tax Rate N/A
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining No No
Regulator FSC (Financial Services Commission), FSS, FIU (Korea Financial Intelligence Unit)
Regulator National Bank of Rwanda (NBR), Capital Markets Authority (CMA)
Stablecoin Rules Under development; stablecoins subject to VASP rules
Stablecoin Rules Draft law prohibits crypto as payment; mining and crypto ATMs banned
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
  • Draft law requires VASPs to obtain licenses from Capital Markets Authority
  • Crypto prohibited as legal tender or payment method under draft law
  • Crypto mining, crypto ATMs, and mixer/tumbler services banned
  • Penalties include fines up to 30M RWF and up to 5 years imprisonment
  • Framework driven by FATF compliance on AML requirements
Sources
Sources
OKX Banner