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South Korea

South Korea has one of the world's largest retail Bitcoin markets, famous for the 'Kimchi premium' when local prices run above global ones. Bitcoin is legal, but not legal tender, and the won remains the official currency. Regulation is strict: since 2021 exchanges must register with the financial authorities and secure real-name bank accounts, a rule that wiped out many smaller platforms. A Virtual Asset User Protection Act took effect in 2024, and plans to tax bitcoin gains have been repeatedly postponed. Seoul and Busan host active meetups and a dense trading culture that keeps Korea central to Asia's Bitcoin scene. Use this map to find the South Korean places where you can spend sats.

South Korea Map

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