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via The Block · By The Block Editorial

South Korea tightens oversight of firms moving crypto overseas: report

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The Block Editorial
(09:02 AM UTC)
1 min read
DK
Reviewed byDavid Kim

South Korea's national legislature has passed a new bill that would strengthen oversight of local businesses moving crypto assets overseas.

According to a report from local news outlet Edaily, the National Assembly passed a new amendment to the Foreign Exchange Transactions Act during its plenary session on Friday. 

With the amendment, entities seeking to transfer crypto to or from overseas…

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The Block Editorial · The Block

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