$110B in crypto leaves South Korea in 2025 as trading rules lag global markets
South Koreans moved more than 160 trillion won ($110 billion) from local crypto exchanges to foreign platforms last year due regulatory restrictions in the country, one of Asia’s most active digital asset markets, a joint Coingecko and Tiger Research report revealed Friday.
The regulatory framework has been slow to evolve. In December, the long-awaited Digital Asset Basic Act (DABA), a sweeping framework meant to govern crypto trading and issuance, was delayed because of disagreements among regulators over stablecoin issuance. The Virtual Asset User Protection Act, which came into force in 2024, does not address market structure issues such as leverage or derivatives trading.
The regulatory gap raised concerns among market participants…
