By Kang Yoon-seung

SEJONG, May 26 (Yonhap) — South Korea aims to tighten surveillance on cross-border cryptocurrency transactions in line with efforts to curb illegal activities, the finance ministry said Tuesday.

Under revisions to the Foreign Exchange Transactions Act approved during a Cabinet meeting, cryptocurrency platform operators engaged in cross-border transfer services will be required to register with the Ministry of Finance and Economy.

“Amid growing cross-border trading of virtual assets, illegal transactions aimed at evading foreign exchange regulations are also increasing,” the ministry said.

“The revision aims to reflect changes in the cross-border trading environment and bolster the soundness of the foreign…