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South Korea vs Tunisia

Crypto regulation comparison

← Back to map | South Korea | Tunisia
South Korea

South Korea

Tunisia

Tunisia

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.

Tunisia restricts cryptocurrency activities. The Central Bank of Tunisia has not authorized any crypto exchanges, and foreign exchange regulations effectively prohibit crypto transactions. Tunisia's strict capital controls make legal crypto trading very difficult. Despite restrictions, some Tunisians access crypto via P2P platforms and VPNs.

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 BCT (Banque Centrale de Tunisie)
Stablecoin Rules Under development; stablecoins subject to VASP rules
Stablecoin Rules No regulation; crypto activities restricted
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
  • BCT has not authorized or licensed any crypto exchanges
  • Foreign exchange regulations effectively prohibit crypto transactions
  • Strict capital controls limit the ability to legally purchase crypto
  • No specific crypto legislation — restrictions stem from existing financial laws
  • Some informal P2P crypto activity exists despite restrictions
Sources
Sources