BTC $66,511.00 (-1.53%)
ETH $1,950.14 (-1.67%)
XRP $1.41 (-3.88%)
BNB $604.37 (-1.79%)
SOL $81.14 (-2.36%)
TRX $0.28 (+0.14%)
DOGE $0.10 (-2.57%)
BCH $546.64 (-2.51%)
ADA $0.27 (-3.41%)
LEO $8.66 (+2.31%)
HYPE $28.27 (-2.59%)
XMR $330.91 (-3.13%)
CC $0.16 (-3.79%)
LINK $8.57 (-2.16%)
XLM $0.16 (-3.90%)
RAIN $0.01 (-3.05%)
ZEC $258.22 (-9.30%)
HBAR $0.10 (-3.71%)
LTC $52.52 (-2.70%)
AVAX $8.79 (-2.83%)

South Korea vs Zambia

Crypto regulation comparison

← Back to map | South Korea | Zambia
South Korea

South Korea

Zambia

Zambia

Legal
No Regulation

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.

Zambia has no comprehensive cryptocurrency legislation. The SEC warns the public about unregulated crypto schemes and evaluates whether specific products qualify as securities. The Bank of Zambia's 2024-2027 Strategic Plan includes developing a crypto and stablecoin regulatory framework. Blockchain-based regulatory testing is underway with the SEC and BoZ.

Tax Type Varies
Tax Type None
Tax Rate 20%
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator FSC (Financial Services Commission), FSS, FIU (Korea Financial Intelligence Unit)
Regulator Bank of Zambia, Securities and Exchange Commission
Stablecoin Rules Under development; stablecoins subject to VASP rules
Stablecoin Rules No 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
  • SEC warns public against unregulated cryptocurrency schemes
  • Crypto products regulated only if they meet the definition of a security
  • BoZ 2024-2027 Strategic Plan includes crypto and stablecoin regulatory framework
  • Blockchain-based regulatory testing underway with SEC and BoZ
  • Kwacha is sole legal tender for domestic transactions per 2025 Currency Directives
Sources
Sources