#SouthKoreaTightensOversightOfOverseasPerpetualContracts 🚨 SOUTH KOREA CRACKS DOWN ON OFFSHORE PERPS. A WARNING FOR CRYPTO TRADERS!
🌕 South Korea is tightening rules on perpetual contracts that are tied to local stocks. The notice is clear: high leverage can increase risk sharply. Trading offshore may leave investors without protection from local law.
⚠️ On October 16 the FSC and FSS cautioned investors about derivatives sold by platforms that are not registered. Some of these products promise up to 200 times leverage.
🍋Here is the danger: with 150 times leverage a shift of 0.66 percent against a position can erase the initial margin depending on fees, maintenance margin and the platform’s rules for liquidation.
💥The 2027 crypto tax is another pressure point. The plan calls for a 22 percent tax on gains that exceed ₩2.5 million. Political moves to delay the start mean the schedule must be watched.
📉 Risk to the market: tighter access may mess up trading and raise uncertainty, for those affected traders.
📈 The bigger picture: clearer rules can protect investors over time. Limits may push business toward places that are less clear.
Important: Do not think offshore trading takes away tax duties or guarantees secrecy. Tax rules depend on the law that applies and on each person’s situation.
💬 Should South Korea put investor protection first. Could strict rules make more traders move to offshore trading?
#Khan62 #cryptotrading #RiskManagement #CryptoNews $ETH $BTC $SOL
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🌕 South Korea is tightening rules on perpetual contracts that are tied to local stocks. The notice is clear: high leverage can increase risk sharply. Trading offshore may leave investors without protection from local law.
⚠️ On October 16 the FSC and FSS cautioned investors about derivatives sold by platforms that are not registered. Some of these products promise up to 200 times leverage.
🍋Here is the danger: with 150 times leverage a shift of 0.66 percent against a position can erase the initial margin depending on fees, maintenance margin and the platform’s rules for liquidation.
💥The 2027 crypto tax is another pressure point. The plan calls for a 22 percent tax on gains that exceed ₩2.5 million. Political moves to delay the start mean the schedule must be watched.
📉 Risk to the market: tighter access may mess up trading and raise uncertainty, for those affected traders.
📈 The bigger picture: clearer rules can protect investors over time. Limits may push business toward places that are less clear.
Important: Do not think offshore trading takes away tax duties or guarantees secrecy. Tax rules depend on the law that applies and on each person’s situation.
💬 Should South Korea put investor protection first. Could strict rules make more traders move to offshore trading?
#Khan62 #cryptotrading #RiskManagement #CryptoNews $ETH $BTC $SOL
$