South Korean crypto market grows to $45.9B in 2021 despite strict regulations By Cointelegraph

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South Korea’s crypto market grew to 55 trillion won ($45.9 billion) by the end of 2021, as per a new study from the country’s chief financial regulator, the Financial Service Commission.

South Korea is considered among the strictest crypto markets in terms of regulatory policy implementations and made regular headlines throughout 2021 for its new Travel Rule and Know Your Customer requirements. However, the Korean crypto market has bloomed to new heights despite the regulatory scrutiny in 2021.