Key Highlights
- South Korea will require crypto firms handling overseas transfers to register under revised foreign exchange rules.
- New South Korean crypto rules expand oversight of cross-border digital asset transfers and stablecoin activity.
- Regulators plan stricter monitoring of overseas crypto flows as South Korea tightens exchange compliance rules.
South Korea has approved new rules that place cross-border cryptocurrency transfers under direct government oversight. Lawmakers passed revisions to the Foreign Exchange Transactions Act this week as regulators move to tighten monitoring of digital asset flows leaving and entering the country. Officials said the changes aim to improve transparency as stablecoins and…
