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Is foreign currency trading legal? The key is threefold: 1) under $5,000, 2) non-profit (not for currency exchange), and 3) non-recurring transactions. Violators risk fines of up to 100 million won and up to 3 years in prison! If you're confused, it's safest to use a bank/exchange center. #foreigncurrencytrading #secondhandtrading #currencyexchange #foreignexchangeact #$5,000 #legalcommonsense #exchangefee