Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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South Korea plans to strengthen regulation of cross-border cryptocurrency transactions
2024-10-25 03:15:32
Odaily News According to South Korean media eadily, South Korea's Deputy Prime Minister announced at the G20 meeting held in Washington, "We will promote ex ante monitoring of virtual asset transactions that are abused in illegal activities such as cross-border tax evasion and currency exchange." The South Korean Deputy Prime Minister pointed out that South Korea plans to amend the foreign exchange law in the first half of next year, requiring advance reporting of transaction purposes and details, with the goal of formally implementing it from the second half of the year.