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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
788 views
0 comments

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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The Block Editorial · The Block

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